As a part of Greenwich’s Behind the Market Structure webinar series, I spoke with CBOE CEO Ed Tilly. The conversation took place only a few months into the pandemic, which left us with even more things to discuss than we had already planned. The conversation went from equities to fixed income to the importance of physical trading floors. […]
Tag: electronic trading
The Future of Investing
I was invited to be a part of this great conversation about the future of investing, with a focus on the electronification of the bond market and the role ETFs now play there.
A Conversation With Lee Olesky, CEO of Tradeweb
As a part of Greenwich’s Behind the Market Structure webinar series, I had the pleasure of speaking with Tradeweb CEO Lee Olesky. We talked about the 20 year journey that led to Tradeweb’s recent IPO, the future of electronic trading in fixed income and what’s next for Tradeweb.
Treasury Market Conversation with Nasdaq TradeTalks
Volumes in the U.S. Treasury market are up in the first few months of 2019, and as Greenwich Associates data shows, so too is competition among the electronic trading venues. I had the opportunity to speak with Jill Malandrino of Nasdaq’s TradeTalks about what’s going on in the U.S. Treasury market today, the Libor transition […]
Technology Has Changed Wall Street, But Humans Are Still In Charge
Technology has fundamentally changed the financial markets over the past two decades. By and large, these changes have been positive – lower trading costs for investors, a reduction in errors, greater transparency and an overall reduction in systemic risk. But recent volatility has reignited a decade’s old conversation about what impact automated trading has on the market. […]
A Conversation With Virtu’s CEO, Doug Cifu
On February 7th I spoke with Virtu Financial’s CEO Doug Cifu. The conversation touched on Virtu’s history, recent acquisitions, equity and fixed income market structure and the impact of high-speed trading on markets in general and market volatility more specifically. We recorded the session and loaded it as a podcast on SoundCloud. Perfect for your […]
US Treasury Market Structure Is Definitely Changing
Greenwich Associates just published my recent work examining changes to how US Treasurys are traded. After years of little change, some real disruption now seems in the cards; direct streams are growing as a method for trading while the dealer-to-dealer and dealer-to-client markets overlap now more than ever. Bloomberg News did a great job covering the […]
Electronic Trading In Emerging Markets
I spent the latter part of the summer digging into the state of emerging markets fixed income. The result was research that acts as both a primer on what exactly emerging markets encompass, what fixed income in emerging markets means (did you know government bonds issued in emerging market currencies are considered credit instruments?) and […]
Regional Bond Dealers are Embracing Electronification
A discussion about how commercially available real-time trading technology—the type once only available to the largest institutions–is empowering regional dealers to compete with the global banks in electronic bond trading with investor clients.
Adapting to changes in the bond market
The bond market increasingly goes electronic. How are investors embracing this? Kevin McPartland, Head of Market Structure Research at Greenwich Associates, joins Jill Malandrino at the Nasdaq MarketSite.