PT  - JOURNAL ARTICLE
AU  - Sabrina Belkadi
AU  - Michael Rude
TI  - The Shift to Multi-Asset Trading
DP  - 2008 Sep 21
TA  - Trading
PG  - 14--19
VI  - 2008
IP  - 1
4099  - http://guides.pm-research.com/content/2008/1/14.short
4100  - http://guides.pm-research.com/content/2008/1/14.full
AB  - The trading landscape across asset classes has shifted radically in recent years due to substantive regulatory changes, the emergence of direct market access, algorithmic trading, market structure changes, and exchange consolidation. These changes are continuously reshaping demand for new execution tools. Markets, industry participants, and vendors are responding with increasingly sophisticated electronic trading solutions and, more recently, multi-asset trading capabilities. Technology has enabled the removal of geographic barriers and silos, providing clients with electronic access to established and emerging markets and asset classes on a single platform. This article explores these trends in more detail, as well as the challenges and opportunities associated with building and maintaining a multi-asset platform in terms of governance, coverage, technology, risk management, and other factors. It also discusses emerging trends, including enhanced buy-side tools, multi-asset algorithms, and cross-asset trading, which will enable the trading of one asset against another.