UPDATE
CRYPTO
Buy-side shifts focus from MiFID II to Bitcoin
A
sset managers are shifting
their attention from regula-
tory matters such as MiFID II, to
cryptocurrencies and emerging
disruptive technologies, according
to a new survey from Linedata.
Linedata’s annual global asset
management survey found that
20% of those surveyed, including
asset managers, hedge funds and
wealth managers, agreed crypto-
currencies such as Bitcoin are a
key area of growth over the next 12
months.
At the same, the percentage of
buy-siders concerned with regu-
latory changes has decreased as
digital assets are fast becoming a
strong candidate for new invest-
ment opportunities.
Linedata’s 2017 survey found 51%
of asset managers saw regula-
tion such as MiFID II as a major
concern over the forthcoming year,
however this year that figure has
fallen to 37%.
“Now that the regulatory dust has
settled asset managers are looking
to future growth and the challeng-
es and the opportunities offered by
emerging disruptive technologies,”
said Sophie Février, co-head of
asset management and innovation
director at Linedata.
“The years ahead will bring ex-
citing change as conceptual testing
leads to implementation in areas
such as robotic process automation
and artificial intelligence tools.”
MiFID II remains, however,
the regulation with the greatest
business impact according to 52%
of respondents, due to trade and
transaction reporting and product
governance requirements.
Arnaud Allmang, co-head of asset
management at Linedata, added
that the survey reflects a sector
embarking on a transformation
process to succeed and grow.
“The emergence of big data and
analytics allows asset management
firms to enhance the efficiency of
their decision-making process, and
to provide products and services to
clients, which can distinguish them
from the crowd,” he said.
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