Canadian equity commission spending rose 6% year over year in 2025 to approximately $505 million, marking the highest level since 2021.
New
As spending continues to rise, buy-side use of alternative data is becoming increasingly widespread.
European market trends 2025: Service still wins in European equities
Greenwich Report
European equity commission spending increased 15% year over year to $2.65 billion as turnover rose, the highest level since the 2021 bull market.
In January, $1.17 trillion traded each day in the U.S. Treasury market, its highest level since April 2025’s Liberation Day.
The U.S. corporate bond market started off 2026 with a fresh set of volume records. Average daily notional volume (ADNV) rose 22% year over year to $61 billion, surpassing the previous record set last September.
Trading in municipal bonds grew in 2025 for the first time in three years, up nearly 14% year over year with the average daily notional volume (ADNV) traded reaching nearly $15 billion per day—a record.
The future of private markets: AI, data and human adaptation
Greenwich Report
2025 was a pivotal year for the private capital industry. Several key factors are influencing technological investment strategies as firms elevate operations over the next 12 months.
U.S. Treasury trading in 2025 by the numbers
MarketView
U.S. Treasury trading in 2025 was defined by record volumes and the lowest average volatility since 2021.