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Fixed-Income Subscription
We examine the evolution of the fixed-income market, the products, platforms, the role of dealers, institutional investors, and emerging liquidity providers, and the impacts of new and expected regulation.
Our independent third-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.
The battle for retail fixed-income investors
Greenwich Report
As retail investors poured back into bonds in late 2022, and the percentage of those bonds held directly grew from 32% at the end of 2021 to 51%—their highest level since early 2013—the market began to debate if a structural shift had occurred. This...
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Total corporate bond market volume moderated in October following an exceptional September, with average daily notional volume (ADNV) at $51 billion—9% below last month’s quarter-end spike but still 4% above October 2024.
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U.S. Treasury average daily notional volume (ADNV) traded in October came in just shy of $1 trillion, marking an 11% increase from October 2024.
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OMS and EMS innovation: Where providers are investing
Greenwich Report
Professionals at buy-side firms are demanding technological advances and new cutting-edge tools to gain an advantage in the front office. Among a long list of new developments, workflow automation and interoperability stand out as top priorities...
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The evolution of the U.S. Treasury CLOB
Greenwich Report
The U.S. Treasury central limit order book (CLOB) has been a cornerstone of the U.S. Treasury market for three decades, providing a platform for buyers and sellers to trade with anonymity, firm prices and instant execution.
Coalition Index for Transaction Banking – 1H25
Greenwich Report
Transaction Banking revenues remained stable in 1H25, with unchanged performance in Cash Management, and a marginal increase in Trade Finance following the recovery in Trade activity.
Coalition Index for Investment Banking – 1H25
Greenwich Report
1H25 Coalition Index Investment Banking revenues rose 13.3% YoY.
The derivatives market in Japan: Tapping into the potential
Greenwich Report
A healthy derivatives market is an important element to Japan’s plan to become a global leader in asset management.