Executive Summary

2020 writ large is a great example of the impact of macro factors . As the crisis abated, the markets have returned to the status quo ante.


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.