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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 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.
New
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...
The derivatives industry: Trends and implications
Greenwich Report
Derivatives volumes grow and shrink based on a long list of factors, including trading firm goals (e.g., speculation, hedging), the state of the underlying markets (e.g., energy, agriculture) and changes in market structure (e.g., electronic trading...
How the capital markets feel about tokenization
Greenwich Report
Asset tokenization can make transfers easier and faster and, by doing so, allow capital to be more efficiently and effectively put to work. While we are still far from truly programmable financial assets (e.g., automated dividends or coupons through...
Drivers of derivatives market change in 2026
Greenwich Report
Change is constant in the derivatives market, but the drivers of change are not.
As spending continues to rise, buy-side use of alternative data is becoming increasingly widespread.
The future of private markets: AI, data and human adaptation
Greenwich Report
2025 was a pivotal year for the private capital industry. Several key factors are influencing technological investment strategies as firms elevate operations over the next 12 months.
Coalition Index for Investment Banking – 3Q25YTD
Greenwich Report
In 3Q25, Coalition Index Investment Banking revenues were up by 18% on a YoY basis.