U.S. Treasury average daily volume (ADV), volatility and electronic trading all ticked upwards as the market moved from transitory inflation to accelerated Fed tightening in 2021. While trading...
Portfolio managers aren’t the only ones generating alpha. While trading was once only a necessary cost for implementing an investment strategy, trading desks today—with the right market access,...
U.S. option market volumes caught fire in 2021. Records were made, broken and then almost immediately broken again. The top six volume months in the history of the Options Clearing Corporation (...
Digital asset market structure to date has been built primarily with retail, high-net-worth, venture capital, family office, and crypto-native investors in mind, as they have been the most ready...
While businesses tried to get back to business in 2021, the year was far from normal. In fact, it seems unlikely that normal will ever be uttered again about global markets. But maybe that’s a...
FICC: FICC revenues declined by (16)% YoY due to lower volumes across products as spreads tightened and volatility remained muted. Decline in FICC revenues was mainly driven by Macro products in both...