Tag: Market structure

Market Structure in 2021

I’ve had the privilege of writing and editing a report on market trends to watch in the coming years since I joined Greenwich back in 2013. Over the years it has morphed from mostly my thoughts to a great collaboration of what is just an amazing team of analysts, which has made the process even […]

Talking Equity Market Structure with Benzinga

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. […]

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 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. […]

U.S. Equities Market Structure Update

My first nine months at Greenwich have been focused on fixed income and FX markets.  With the release of Greenwich’s annual North American equities study for which we spoke with nearly 550 portfolio managers and traders, the time has come to talk equities.  To that end, on June 4 we’ll be hosting a webinar to discuss […]

What is Market Structure, And Why You Should Care

If you work in institutional finance you’ve heard talk of market structure. Not only are there entire conferences dedicated to the topic, but most of the participants at those conferences— banks, asset managers, researchers—send their heads of market structure to speak. Commonly used in economics to describe the interconnectedness of and interaction between the buyers […]

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 corporate bond market.  While the primary market has helped soften the blow, that crutch isn’t going to be here for long as rates start to rise over the next few […]