With our connectivity to the buy-side, Coalition Greenwich conducted a “flash study” on investor sentiment in the context of the Russia-Ukraine war. We asked equities, fixed-income and foreign exchange (FX) institutional investors about the...

Following recommendations from the SEC's Fixed Income Market Structure Committee (FIMSAC), FINRA is proposing a pilot program to test the impact of changing the reporting requirements for large corporate bond trades. Pilot programs can be good...

The years since the financial crisis have brought with them amazing amounts of change, innovation, disruption and more recently optimism. At Greenwich Associates we're lucky enough to have a client list that includes some of the smartest and...

This was my first time chatting with Betty Liu at Bloomberg TV, which I really enjoyed. We discussed why the Fed shouldn't hyper focus on short term market volatility, how bond market liquidity has changed but a crisis isn't likely, and last but not...

The anniversary of the Treasury "flash crash" and next week's market structure meeting at the NY Fed has brought with it a renewed focus on the functioning of the US Treasury trading. In an effort to provider further clarity into how this...

Our conversations with dealers over the past few months have left us wondering if volume weighted market share is the right metric for gauging success in fixed income dealing.  In past years market share always brought with it bragging rights,...

Market structure happenings have been fast and furious since 2009, and 2014 did not disappoint.  Mandatory SEF trading finally began, fixed income electronic trading continued its steady incline, the current shape of the US equity market was...

The penetration of electronic trading across the financial markets is remarkably inconsistent.  While equities and foreign exchange are largely traded over platforms, the same cannot be said for much of the fixed income market.  Over-the-...

Market structure changes in the bond market appear to be happening organically.  Shocking I know. Rewind back seven years to 2007.  Market structure research was primarily focused on technology innovation, evolving business models and a...

According to Liquidnet CEO Seth Merrin the corporate bond market is “a disaster waiting to happen”. A disaster? Maybe. But certainly it is a market waiting for better ways to match buyers and sellers. That is exactly what Liquidnet was thinking...