Month in Numbers

"If you're on the novations desk at a major dealer you might get 2,000 emails per day that you have to respond to manually - it's like someone machine-gunning emails at you"

Mark Beeston, T-Zero's president of electronic affirmations, provides an example of why the current novations process is unsustainable and, therefore, needs to be automated

£1.5 billion

- raised by the seven Middle Eastern companies who have joined the London Stock Exchange so far this year. Outside Israel, there are now 36

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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