Institutional investors in 2016 increased budgets to fixed-income trading desks in preparation for shifts in the interest-rate environment, and continued to ramp up IT budgets to keep pace with the dramatic changes technology is triggering in financial markets around the world.
Despite these shifts, institutions held off from making any radical changes on their trading desks in 2016 as they assessed the impact of macro-economic variables including the Trump victory in the United States, the ongoing Brexit process in Europe and long-awaited action by the U.S. Federal Reserve.
