Continuing Volatility Demands Continuing Innovation
Abstract
Welcome to our 2023 Previsory report series, this is the Capital Markes 2023 Sell Side edition. Capital markets is a large but highly interconnected network so success is described as a “network play”.
That network includes several entity types:
• Sell side – Investment Banking, Global Markets, Wholesale Brokers
• Financial Market Infrastructure (FMI) – Exchanges, Trading Venues, Settlement & Clearing, Asset & Securities Servings
• Buy side – Asset managers and asset owners
All of the above interact in a number of ways, including being clients or service providers, partners or competitors – sometimes all of the above across different divisions of the same entity. It is because of this that compiling a single list of “top technology trends for capital markets” is likely to end up at an overly high level. So this year we have taken a different tact and identified five key business themes across capital markets that are driving technology spending and strategy for 2023. Then we are producing a seperate report for each of the three entity types as listed above.
The themes have been identified by the Capital Markets team based on our research and discussions with industry executives throughout the past year. We also identify the key technologies relevant to each theme and in a series of three reports, one for each of the three user types, we share key takeaways and illustrative case studies of how leading entities are applying the latest technology for success.
As for the sell side ....what a difference a year makes. Swings in market activity, interest rates and regulatory agenda seem extreme.However the need to build integrated, flexible and agile technology solutions remain a key focus. Across all of capital markets, technology will be key to keeping costs low and competitive advantage high.
