Executive Summary

In June, the United States added significant social upheaval to a year that had already seen major economic change marked by extraordinary federal intervention. Despite the intensity of activity on a variety of fronts, the credit markets began to get back to business. Even if this was not “business as usual” per se, it was at least trending that way.


Greenwich Associates continuously gathers data and insights from credit market participants, including market makers, primary dealers and trading platforms. The data, once aggregated, normalized and enhanced, is analyzed by our market structure research team who identify the key trends of trading in the credit markets, with a focus on corporate bond electronic trading and trading platform market share.