The COVID-19 pandemic has forced the global economy into truly uncharted territory. Financial markets, being at the nexus of the economy, have been affected profoundly. Across Europe, all fixed-income market participants have had to rapidly adapt to...

Earlier this month, we reached out to buy-side fixed-income investors in the Americas to learn more about the impact of COVID-19 and dealers’ response. One question we asked was, “Which dealers do you feel have stood by you the best during the...

As COVID-19 cases continue to rise, our first thoughts are for the victims, their families and the healthcare professionals fighting the disease. This pandemic is likely to lead to significant changes in the way we live our daily lives and to many...

While the word “unprecedented” gets thrown around quite freely, it is fair to say that the logistics and conditions around U.S. fixed-income trading over the past six weeks have been new to everyone regardless of experience. Greenwich Associates...

Following recommendations from the SEC's Fixed Income Market Structure Committee (FIMSAC), FINRA is proposing a pilot program to test the impact of changing the reporting requirements for large corporate bond trades. Pilot programs can be good...

On any given day in the U.S. corporate bond market, roughly 70% of the trades executed are for 100 bonds or fewer (equivalent to $100,000 or less). Greenwich Associates data shows that the vast majority of these trades—over 90%—are now done on...

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. Kevin McPartland had the opportunity to speak with Jill Malandrino of...

After months—arguably years—of little change in the competitive landscape for trading U.S. Treasurys (UST) electronically, the CME’s acquisition of NEX effectively dropped the yellow flag on the market. Now, like it or not, everyone will need...

Last month retail investors jumped at the opportunity to own a piece of the hottest new tech stock, sending shares of Dropbox 35% higher from its IPO price. This kind of one-day price move is rarely seen in the stock market these days but has...

Trust means different things to different people. For instance, our nearly 4,000 recently conducted interviews for the CFA Institute’s “State of Investor Trust” research taught us that saying “I don’t know” improves trust between institutional...