In the News

Kevin is routinely quoted in the financial news media discussing fixed income market structure, the impact of financial technology on markets, and the evolution of the wealth management business.

Recent Media Mentions

Record E-Trading Brings More Liquidity to Corporate Bond Market – Bloomberg
Electronic trading of corporate bonds has reached record levels, as credit-trading algorithms get smarter, grab market share, and make it easier for investors to buy and sell corporate bonds without affecting prices too much.
Analysis: U.S. SEC draft rules could boost resilience of $24 trillion Treasury market | Reuters
Proposed rules by the U.S. Securities and Exchange Commission (SEC) to boost central clearing in Treasuries could help to shore up resiliency in the $24 trillion market and may pave the way for more trading that bypasses the large banks that have traditionally dominated the market.
Coalition Greenwich: 0% impact of ESG on bond trade execution – but is there a benchmark? – The DESK – Fixed Income Trading

The benefits could outweigh the costs in the long term, but the road to that point will be complex

Time is ripe for electronic trading growth in munis | Bond Buyer
While only 12% to 15% of municipal bond trading volume is performed electronically, various market participants say the time to embrace new technologies is now.
Vast majority of financial advisers discuss crypto with clients, says study
Two-thirds of financial advisers have discussed digital assets with clients, but only 15% have offered investments.

More regulatory clarity, more regulated investment vehicles and technology enabling easier access will likely set the stage for increased crypto-asset allocations in the coming year.

Inside Tradeweb: How Lee Olesky built a $21 billion juggernaut and upended the byzantine world of bond trading | Fortune
Over 25 years Lee Olesky helped transform the bond trading business from a phone-based mess to a slick electronic market. Today, more money travels through his company Tradeweb’s systems on any given trading day than the entire U.S. stock market.
DIY trend seen fuelling demand for advisors | Investment Executive
A report from Greenwich says technology makes investing more accessible but no less complex
Booming Tech-Powered Bond Trade Has Stalled Amid Market Upheaval – Bloomberg
A tech-powered approach to credit trading hailed as the next big thing on Wall Street is stalling as volatility sweeps through the fixed-income world.
Bond Trading Evolves From ‘Relationship’ to  ‘Experience’ Business – Markets Media
U.S. Treasury traders increasingly leverage technology to get their price.

Liquidity problems have been a factor in recent price moves, said Kevin McPartland, head of market structure research at Coalition Greenwich. 

Liquidity drought in Treasury market accompanies unexpected rally | Financial Times
Bond price rises defy economic data while regulators seek to address trading problems
Reform of US bond trading in balance | Financial Times
After the Covid turmoil, regulators are weighing a move to make the clearing of Treasuries mandatory
US government bond market specialists warn of fragility in Fed pullout | Financial Times
Concerns remain over gaps in liquidity after weak supports during pandemic-induced instability
To Make Bets on Bond Market More Accurate, MarketAxess Enlists Lessons From Big Tech – WSJ
The electronic-trading marketplace is employing AI to improve its pricing strategy.