The Desk: “[The consequence may be a market with] fewer players, less liquidity and increasing market concentration,” according to Satnam Sohal.
Traders: “There are historic differences between European and U.S. fixed-income markets that must be recognized to fully understand how these markets operate, how and why they are changing, and how they can be expected to evolve from here,”...
Financial Times: There is more than €7tn in euro-denominated government debt outstanding, according to Greenwich Associates...
Business Insider: In 2017 alone, the financial services industry spent $1.7 billion on blockchain technology, per Greenwich Associates...
eFinancial Careers: With the first full month of 2019 nearly in the books, banks are seeing renewed optimism in fixed income markets, according to a new report from Greenwich Associates.
Market Media: McPartland wrote: “Technology is increasing the flow of information, removing the language hurdle and connecting disparate brokers and investors from all over the world..."
The Trade News: “The decrease in rates, coupled with a global shift from high-touch to electronic trading, lowered weighted all-in blended rates across markets,” said Will Llamas.
Reuters: The MiFID II directive, introduced one year ago, has brought trading costs under closer scrutiny, and many asset managers have negotiated lower commission rates, Greenwich Associates said.
Nasdaq: That is less than 10% of the average algorithm commission of 0.9 cents per share reported by Greenwich Associates.
The Desk: European bond market structure is likely to diverge further from the US, as a result of the different investment models which are popular in the region, according to Greenwich Associates.
