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.
Tag: fixed income
Fixed income markets are big, diverse and can be extremely difficult to understand. Even the largest and most closely watched fixed income markets in the world, US Treasuries and US Corporate bonds, for instance, are impacted by countless factors including investor needs, macro-economics, and regulatory oversight. But the complexity in those markets pales in comparison to that […]
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 […]
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 […]
U.S. Treasury volumes in October hit their highest level since May 2018, with an average daily volume of $554 billion. The equity market’s precipitous decline drove a drop in Treasury yields that brought with it the market volatility traders have long been waiting for. And while the future of the bull market remains top of […]
The $41 trillion U.S. bond market allows corporations to grow, governments to finance themselves efficiently, investors to gain fixed returns with lower risk, communities to build infrastructure, young families to buy houses, and you to buy your cup of coffee in the morning. Understanding exactly what the bond market is, where it came from and where it […]
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.
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.
Below is the press release from my most recent Greenwich Report on the corporate bond market. As the title implies, the buy side is starting to get used to the way things are – they like all-to-all, but they also want a good user experience from the platform providers. Liquidity isn’t Improving but Credit Investors […]
My latest Greenwich Research found that investors have seen a decline in dealer sourced liquidity, and that they’re concerned about it. It also found that more than expected are making prices in the bond market. It is very important to note, however, that price making is very different from market making. I explain in detail […]