This segment is dominated by five banks that control 60 percent of volume, up from 44 percent a decade ago, according to consulting firm Greenwich Associates, which didn’t name the firms.
On the main venues that cater to dealers, 8 of the 10 biggest firms by volume last year were non-bank proprietary trading firms, according to Greenwich Associates. Their influence has led HFT critics to blame computerized traders for providing “...
“All the firms that started up in garages with algorithms and made a lot of money with proprietary strategies have started looking at other businesses they can get into,” says Kevin McPartland, head of market structure research at Greenwich...
Bloomberg Markets AM with Pimm Fox and Lisa Abramowicz. GUEST: Kevin McPartland, Principal at Greenwich Associates, on bond-trading gains and whether they can last.
“The parts of the banks’ trading business that have become less profitable since the financial crisis is where the principal trading firms are stepping in,” said McPartland, head of research for market structure and technology at Greenwich...
“Market data has become a huge business for exchanges — as well as a huge cost for the end investor,” Mr. McPartland said. “The fewer the exchange owners, the fewer the sources of data from one company.”
Kevin McPartland, who heads research on market structure at financial consultancy Greenwich Associates, thinks as more electronic traders enter the market, liquidity will eventually be improved during high-stress periods. “The automated nature...
Through the first half of 2016, about $40 billion flowed into bond ETFs, with approximately half of that total flowing into iShares products. In the third annual version of “Institutional Investors Embrace Bond ETFs,” according to recent study by...
Kevin McPartland, head of market structure at Greenwich Associates, examines the 6.1 percent drop of the British pound in Asian trading and the frequency of flash crashes.
Likely due to increased regulatory burdens, 71 percent of the institutional investors in the Greenwich Associates study said trading bonds is tougher today than it was three years ago. About three-quarters of respondents are altering their...
