Digital transformation has become a priority for many capital markets firms in recent years, and it is fostering improved process automation.
U.S. corporate bond trading volume dropped in May, following April’s records. And while May’s volume was the lowest since January, the $40 billion and $13 billion in investment-grade (IG) and high-yield (HY) bonds, respectively, were still 11% and...
U.S. Treasury trading came back down to earth in May after a record-setting April. Average daily notional volume (ADNV) and volatility were down 18% and 17%, respectively, month-over-month, but remained elevated from a year ago. While trading volume...
U.S. Treasury clearing: A new timeline and uncertain trajectory
Greenwich Report
Earlier this year, the U.S. Securities and Exchange Commission (SEC) delayed implementation of its central clearing mandate of U.S. Treasury securities.
Equities outsourced trading is alive and well in 2025
Greenwich Report
Buy-side equity traders in the U.S. continue to warm up to outsourced trading (OT), with nearly 10% using such platforms for the second year in a row.
Understanding nonbank liquidity provider market-making revenue
Greenwich Report
In 2024, nonbank liquidity providers (NBLP) generated $25.6 billion via market making in equities, fixed income, currencies, and commodities—22% higher than the year before.
U.S. Treasury average daily notional volume (ADNV) grew a staggering 50% year-over-year to $1.34 trillion, peaking on April 9th at $2.4 trillion.
April set many new records in the corporate bond market, including an average daily notional volume (ADNV) of $60 billion, a single day record of $92 billion (April 30) and an electronic ADNV of $4.7 billion for high yield bonds.