Citco Middle Office Solutions report: Equity and bond market rally fuels demand for outsourced trade operations

29 July 2024 - Demand for outsourced trade operations rose in Q2, driven by higher activity in listed stocks, according to the latest data from the Citco group of companies (Citco), the leading asset-servicer with $2 trillion in assets under administration (AUA).

Amid another surge in major equity markets such as the US where valuations are near 20% higher year-to-date (YTD), Citco’s Middle Office Solutions team saw the number of affirmed trades jump to 543,157 in Q2, some 24% above Q1’s tally which itself had surged 17% quarter-on-quarter. It means listed trade activity has almost recovered to the levels seen in Q2 2023.