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Equities Subscription
We explore the equity market’s changing competitive dynamics, the trading and investment process, OMS/EMS usage, TCA, algorithmic trading, liquidity sourcing, and regulation.
Our independent 3rd-party analyses form the basis for senior sell-side management to benchmark their client businesses, identify revenue opportunities, assess service quality, and optimize allocation of resources.
U.S. equity electronic trading: The broker view 2026
Greenwich Report
Low-touch electronic equities brokers entered the summer of 2026 with swagger.
New
U.S. Treasury trading in June continued its long-term uptrend, with volume growing 15% year over year, despite an 8% decline from a particularly active May.
New
The human edge in electronic markets
Greenwich Report
Institutional trading desks now operate within a market environment driven by speed, scale and steadily advancing electronic tools.
Outsourced trading in equities: The third channel
Greenwich Report
Buy-side trading desks have spent the last decade learning how to do more with less. At least 15% of them now augment their desks with outsourced trading providers.
Why dealers are net short corporate bonds
MarketView
Investment-grade bonds continued their journey toward flow status in May, with the average daily notional volume (ADNV) up 18% and electronic trading volume up 17% year over year.
The expanding role of NBLPs: Inside FY25 revenue growth
Greenwich Report
As we noted last year, while the importance and influence of the largest traditional banks in global markets cannot be overstated, the gravitational pull of the “bulge bracket” nonbank liquidity providers (NBLPs) continues to intensify.
The Coalition Investment Bank Index, which tracks the performance of the 12 largest investment banks globally, demonstrated robust performance in FY25, rising 14.5% year over year to $174.7 billion.
Lower capital requirements set to unleash bank market-making
Greenwich Report
For the past two years, U.S. global systemically important banks (G-SIBs) have operated under a regulatory overhang. Fearing a punitive Basel III endgame that initially threatened a ~20% hike in capital requirements, the industry built significant...