The Next Leap for Emerging Markets Trading:
In a nutshell…
- EM trading is shifting from connectivity to coordination, with centralised data and unified workflows becoming the backbone of modern execution
- Automation is expanding across EM and credit, although relationship-driven activity remains essential for complex or less liquid trades
- Liquidity scoring, size-adjusted pricing logic and improved venue insight are seen as key areas for market enhancement
- AI is emerging as an analytical copilot, supporting data organization, idea generation and relative-value discovery
- Tradeweb is widely viewed as a leader in multi-asset workflow integration, with clear opportunities ahead in credit and EM workflows
A closer look…
EM Fixed Income markets are entering a new phase in their evolution. After years focused on bringing more trades onto electronic venues, attention has shifted towards something more ambitious: building a desk that can act on information seamlessly across asset classes, with a single flow of data and a single workflow guiding decisions.
EM Fixed Income markets are entering a new phase in their evolution. After years focused on bringing more trades onto electronic venues, attention has shifted towards something more ambitious: building a desk that can act on information seamlessly across asset classes, with a single flow of data and a single workflow guiding decisions.
Where the market is heading
The next phase of EM electronification will be shaped by five structural shifts:
- Centralised data and workflow architecture, built around a unified EMS and OMS that span rates, credit and derivatives
- Balanced execution models that scale automation for flow and preserve discretion for complex trades
- Smarter pricing and liquidity analytics, including size-adjusted logic and deeper venue transparency
- Embedded AI tools that organise data, surface opportunities and streamline reporting
- A trader role that evolves from execution to data-enabled decision-making and strategic relationship management
This is the direction of travel: a more integrated, intelligent and scalable EM trading ecosystem that preserves human insight at the core of emerging markets.
