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Executive Summary

Corporate bond markets in September were volatile, with price/yield swings on some days falling into the “that will never happen” category. Bid-ask spreads also widened, almost doubling from a year ago, according to MarketAxess data. So how did traders keep up? By trading electronically more than ever before.

Methodology

Coalition Greenwich 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.