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

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.