How the capital markets feel about tokenization
Greenwich Report
Asset tokenization can make transfers easier and faster and, by doing so, allow capital to be more efficiently and effectively put to work. While we are still far from truly programmable financial assets (e.g., automated dividends or coupons through...
Markets are inherently stressful. Technology reliability is now a human capital risk as much as an efficiency issue.
U.S. Treasury trading activity continued to grow in February, up 12% from February of last year, with economic and geopolitical factors the biggest drivers.
U.S. corporate bonds had another record month in February, with the average daily notional volume (ADNV) traded reaching $62 billion per day, including three days over $70 billion.
Drivers of derivatives market change in 2026
Greenwich Report
Change is constant in the derivatives market, but the drivers of change are not.
Canadian equity commission spending rose 6% year over year in 2025 to approximately $505 million, marking the highest level since 2021.
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.