Initial Coin Offerings (ICOs) have raised over $1.2bn in funding in 2017 so far, but a recent SEC announcement shows that the regulators are paying close attention to this new asset class.

ESG is possibly the most talked about topic in our recent conversations with investors, consultants and managers. But with much of the current ESG activity focused across the pond, our clients often ask about the state of affairs in North America.

In my last post I discussed how bitcoin was losing dominance in terms of market cap relative to the overall cryptocurrency market. I also introduced two of the leading altcoins – Ethereum and Ethereum Classic. In this note I will be discussing...

Bitcoin was the original cryptocurrency and it is the largest and most successful. Today, however, there are almost 1,000 other cryptocurrencies and tokens in circulation. In this blog, I will be discussing some of the leading alternative...

Investors continue to be thirsty for market structure information.  In our most recent U.S. equities study almost half of buy-side respondents told us that sell side provision of market structure related services was either important or very...

While market sizes are often measured in the trillions of dollars, the number of firms that are responsible for the majority of transactions is measured in the hundreds if not the teens - but even though concentrated, competition must always exist.

With French presidential elections out of the way, expect further clarity on Brexit and more competition from French banks. 

There is a tremendous amount of irony in the path high-frequency trading - excuse me, principle trading firms have taken from their heyday in the late 2000's. We eluded to this a few months ago in our top market structure trends to watch in 2017.

Any lingering uncertainty about Brexit moving forward has been swept away. It’s time for companies to start preparing—although for what is unclear. 

By now everyone understands that the new regulations will fundamentally change the business models of brokers and asset managers. Yet despite...