Is a crisis a crisis if everyone knows its coming?

Is a crisis a crisis if everyone knows its coming?

(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…

15 for 15: Top Market Structure Trends to Watch in 2015

15 for 15: Top Market Structure Trends to Watch in 2015

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…

US Treasuries are trading electronically, but we still need bond traders

US Treasuries are trading electronically, but we still need bond traders

I recently spoke with Bloomberg TV about a recent Greenwich Associates research report that examined the growth in electronic trading of US Treasuries by US…

North American Fixed Income Update: E-Trading and Too Big To Fail

North American Fixed Income Update: E-Trading and Too Big To Fail

This week we will begin to release the results of our annually North American Fixed Income study, based on just shy of 1100 investors trading fixed…

The US Invasion of European Fixed Income

The US Invasion of European Fixed Income

Capital is expensive and getting more expensive.  But the problem is proving a much harder one to manage in Europe, with European banks continuing to…

SEF volumes died last week – so when and where will they return?

SEF volumes died last week – so when and where will they return?

Turned out the first week of mandatory SEF trading was a Big Bang, just in the wrong direction.  Reported SEF volumes for interest rate swaps…

Electronic trading of bonds is growing – sort of…

Electronic trading of bonds is growing – sort of…

We all know that the massive reduction in dealer inventories and the cost of capital has had a huge negative impact on liquidity in the…

Fixed Income Desks Spending More on Technology. Surprised? Me neither.

We spoke to just under 500 portfolio managers and traders globally to see what they’re doing with and what they think about OMSs, EMSs and…

Greenwich Associate’s Market Structure Trends to Watch in 2014

Greenwich Associate’s Market Structure Trends to Watch in 2014

The year 2013 will likely go down as the year of mandatory clearing. Once ignored by eager financial market professionals as boring back-office stuff, collateral…

Greenwich Fixed Income Market Structure Event: Liquidity, SEFs and Technology to Manage the Change

Greenwich Fixed Income Market Structure Event: Liquidity, SEFs and Technology to Manage the Change

Given all of the research we have going on here at Greenwich and all of the regulatory mess going on in the world, we thought…