Banks, financial advisors, insurers, and other companies that distribute investment funds say COVID-19 has triggered profound changes in retail investing—some temporary and some that could prove...

The COVID-19 crisis rattled markets around the world and across all asset classes, including FX markets. Market participants experienced extreme disruption in everything from their access to...

The biggest market structure shift post-COVID has been the decline in CLOB volumes relative to the overall market. Lastly, SOFR futures volume has been on the rise since hitting recent lows in...

From a market structure perspective, the most interesting thing is that the platforms have returned, in market share terms, to the status quo ante. The platform breakdown is almost exactly what it...

It used to be obvious. Bond trades were either executed electronically or they were not. Clients traded via request-for-quote (RFQ) platforms and dealers via interdealer-owned central limit order...

The COVID-19 crisis will accelerate structural changes impacting the asset management industry prior to the pandemic—including greater demand for advice, rising expectations for enhanced digital...

In July of 2020, the long-awaited SEC Rule 606(b)(3) instituting not-held order disclosures (aka “Institutional 606”) came into final effect. What was not so certain was whether the buy side...

Overall executive optimism has turned slightly positive. Those with a negative outlook voice concerns around the continued impact of the pandemic on the economy as a whole, while those with more...

This report provides information from intermediary distributors in Europe.

This report provides information from intermediary distributors in Asia.