now in its
ninth year
institutional traders responded
global locations
represented
Scott Wacker, head of E-commerce Sales at J.P. Morgan, spoke with Trader TV about the market’s expectations in 2024 ahead of the 9th annual e-Trading Edit survey.
Scott Wacker, head of E-commerce Sales at J.P. Morgan, spoke with Trader TV about the market’s expectations in 2024 ahead of the 9th annual e-Trading Edit survey.
[Music]
Kam Shing Kwang: Global China Summit is the largest global event the bank hosts in China. Annually, for the last 20 years, we have more than 3,000 delegates, representing 1,300 companies, joining us from 33 countries from all around the world.
Harshika Patel: It gives global investors an on-the-ground reality check of what's going on in the Chinese economy.
Sjoerd Leenart: This conference has become a preeminent place to keep track of what's going on in China.
Rita Chan: It's all about the insights, the interaction, and impact.
Alan Ho: It's over the 20 years of connection that we build for the client and the investor.
Wendi Liu: Investors come here to understand the pain points of the world and how it can function better with an eye on return, but also with an eye on making the world better.
[End of video]
Which potential developments will have the greatest impact on the markets in 2025?
51% of traders predicted inflation and tariffs will have the largest impact on markets in 2025 vs. 27% in 2024.
51% of traders predicted inflation and tariffs will have the largest impact on markets in 2025 vs. 27% in 2024.
What will be your greatest daily trading challenge in 2025?
Volatile markets remain the top daily challenge three years in a row.
Volatile markets remain the top daily challenge three years in a row.
In the next three years, which technologies will be most influential for trading?
Artificial intelligence/machine learning remains the most influential technology for trading, same as the previous two years.
Artificial intelligence/machine learning remains the most influential technology for trading, similar to the previous two years.
What are your top three market structure concerns?
From 2023 to 2025, access to liquidity consistently ranks as the top concern, while regulatory changes and market data access and costs are increasingly significant issues.
What percentage of your trading will be through e-Trading channels? This includes API, multi-dealer platforms and single-dealer platforms.
From 2025 to 2026, trading in all listed products is predicted to increase. EM rates leads at a 10%, from 59% to 69%. This is followed by a 9% increase in commodities, credit spread, crypto digital coins, futures and options and G10 rates. There is an 8% rise in cash equities, equity derivatives and FX.
What type of platform do you primarily use for your institutional trading activities?
Traders primarily use a multi-dealer platform (38%), or both multi-dealer and single-dealer platforms (34%). 28% opt for a single-dealer platform.
What is the most important criteria when selecting a single-dealer platform?
At 29%, reduced execution/brokerage cost is the most important criteria when traders select a single-dealer platform. This is followed by access to liquidity/inventory (27%) and multi-asset product offering (15%).
At 29%, reduced execution/brokerage cost is the most important criteria when traders select a single-dealer platform. This is followed by access to liquidity/inventory (27%) and multi-asset product offering (15%).
Apart from pricing and execution, which features/capabilities are most valuable to you on a trading platform?
Pricing and execution aside, traders find ease of access and experience to be the most valuable feature on a trading platform (28%). This is followed by post-execution position monitoring and actions (22%) and customer support (18%).
Which data and analytics tools are most valuable to you?
Real-time data and analytics is the most valuable tool for data and analytics.
Apart from pricing and execution, which features/capabilities are most valuable to you on a trading platform?
Which data and analytics tools are most valuable to you?
Pricing and execution aside, traders find ease of access and experience to be the most valuable feature on a trading platform (28%). This is followed by post-execution position monitoring and actions (22%) and customer support (18%).
Real-time data and analytics is the most valuable tool for data and analytics.
Which of these products do you think will have the most advances in electronic trading in the next 12 months?
In the next 12 months, corporate bonds are expected to see the most advances in electronic trading, consistently ranking highest in both 2024 and 2025.
Which option best describes your institutional work with crypto/digital coins?
The majority of traders have no plans to trade crypto/digital coins, though this percentage decreases slightly from 78% in 2024 to 71% in 2025.
The survey data can be analyzed by asset class traded, country, region and demographics. If you are interested in gaining deeper insights or accessing a more detailed analysis, please don't hesitate to get in touch with us.
Survey was run January 9 – January 23, 2025.
Not all data will add up to 100% in graphs as we have rounded to the nearest % significance allowing for respondents to be able to select just one option.
FOR INSTITUTIONAL AND PROFESSIONAL CLIENTS ONLY.
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