Trends in Equities Trading 2022


An Overview of Sellside Industry Adaptation to the New Technology Norms

This report encapsulates all the previously-explored themes of the Trends in Equities Trading series dating back to 2014, pulling their myriad perspectives through the complexities of the 2022 macroeconomic landscape and by envisioning how change within the equities e-trading industry, globally, will continue to progress out to 2025.

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In terms of overall trends, this report examines how, since 2000, e-trading became the norm across all asset classes and types of financial institutions, which resulted in the e-trading software market evolving along three key groups:

  1. High-touch trading platforms;
  2. Low-touch trading platforms; and
  3. Automated, Buy & Build trading platforms.

Within the equities asset class, specifically, this report explores how the steep growth and high penetration of e-trading technology across regions and types of financial institutions in recent years means that automated trading is now reaching almost universal adoption and a ‘stabilisation’ of market growth predominantly driven by:

  • already high levels of adoption of the technology throughout all developed and some emerging economies;
  • shifts toward recurring pricing models, accelerated through the adoption of software-as-a-service deployment models; and by
  • competition from new entrants and vendor consolidation.

In exploring those factors in greater depth, this report shows how the e-trading software market – comprised of third-party technology vendors – is directly driven by the digitalisation of trading workflows, which are continuously increasing due to regulatory constraints and global competition between financial institutions, pushing for ever more automation, combined with a secular shift away from systems built in-house and towards vendor software.

Published on: 5 Dec, 2022


  • 1.0 Overall Trends in Capital Markets Electronic Trading: The Equities Markets Perspective
    • 1.1. The Forces Driving Global Capital & Financial Markets in 2022: Sellside Industry Electronic Trading Impacts
    • 1.2. The Forces Driving Global Capital & Financial Markets in 2022: Buyside Industry & Technology Vendor Industry Electronic Trading Impacts
    • 1.3. The General Health of the Corporate & Investment Banking Industry Equities Trading Franchise in 2022
  • 2.0 Trends in Electronic Equities Trading 2022
    • 2.1. Overall Capital & Financial Markets Sellside Industry 2022 Trends
    • 2.2. Trends in Cash Equities Trading 2022
    • 2.3. Trends in Equities Futures & Options Trading 2022
    • 2.4. Trends in Equities Options & Warrants Market-making 2022
    • 2.5. Trends in Equities Exchange-traded Funds Market-making 2022
    • 2.6. Trends in Cross-asset E-trading Technology 2022
    • 2.7. Trends in Client Connectivity 2022
  • 3.0 The Global Equities Landscape: Assessing Sellside Technology Vendor Addressable Markets
    • 3.1. Equities Marketplace Segmentation & Assessment Methodology
    • 3.2. Addressable Market Sizes: High-touch Agency Trading
    • 3.3. Addressable Market Sizes: Low-touch Agency Trading
    • 3.4. Addressable Market Sizes: Equities Principal / Proprietary Trading
    • 3.5. Addressable Market Sizes: Listed Derivatives Principal Trading / Market-making
    • 3.6. Addressable Market Sizes: FIX Connectivity Software & Services
    • 3.7. Addressable Market Sizes: Order Routing Networks
  • 4.0 Appendices
    • 4.1. Methodology
    • 4.2. Table of Figures

Report Data & Figures

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