New Greenwich Associates Report Urges Institutional Investors To Use Order Books in Tandem with RFQs Stamford, CT USA — A new quantitative research report from Greenwich Associates, Quantifying the Benefits of Order Book Trading to the Swaps Market, suggest that while RFQ platforms will remain a top buy side execution source, available order books… Read More »
This was my first time chatting with Betty Liu at Bloomberg TV, which I really enjoyed. We discussed why the Fed shouldn’t hyper focus on short term market volatility, how bond market liquidity has changed but a crisis isn’t likely, and last but not least how relationships still matter even in this era of electronic… Read More »
This week as my first appearance on Bloomberg’s new morning show aptly called <GO>. Great new set and a fun format. In these two separate videos, we talk about our recently published Market Structure Trends for 2016 and the ongoing debate about whether or not the equity markets are rigged (spoiler alert; they are not).
Its been way too long since I’ve posted. Funny how writing for a living makes it hard to write your own blog. Something like “the cobbler’s kids have no shoes”. Anyway, we had a great trip to Chicago earlier this month for the annual FIA Expo. We were told that over 6000 people attended, which… Read More »
Some new research from Greenwich Associates found that institutional use of Fixed Income ETFs is growing. Not surprisingly really, but digging more deeply into why and what it means for the market has a whole creates some interesting debates – debates that I tackle with the folks at Bloomberg TV.
(also published on the Greenwich Associates blog) A crisis is a crisis because most people didn’t see it coming. Unexpected events freaks people out causing a bad chain of events – a crisis. So despite evidence that a liquidity crisis is on the horizon in the bond market, wide spread recognition that this crisis is… Read More »
Every month or so I have the pleasure of talking with the folks at the Benzinga #Premarket morning show. The listener base is predominantly retail which isn’t really my focus, however I love that they give air-time to market structure issues as they are as important to retail/professional traders as they are to the big institutions.… Read More »
Market structure happenings have been fast and furious since 2009, and 2014 did not disappoint. Mandatory SEF trading finally began, fixed income electronic trading continued its steady incline, the current shape of the US equity market was once again brought to the forefront and the cost of capital continued its assault on the banking industry.… Read More »
Early in November I chaired the FTF DerivOps conference in NY. The conversation in 2014 was a lot more about the market than it was at my first DerivOps in October 2008, when all we spoke about was what was wrong with the OTC derivatives market and who would the regulators do. The event this… Read More »
I’ve been at Greenwich Associates a little over a year now. Since I’ve been here I’ve written a few blog posts about SEFs, but have otherwise not written any formal research pieces on the topic. When I started looking at this back in 2010 via SEF 101, it was a green field. Today there is… Read More »