I wouldn’t call myself a crypto skeptic. I fully appreciate the opportunities presented by distributed ledgers, smart contracts, Ethereum, and even some cryptocurrencies. Further, creating new infrastructures that allow institutions to trade...

“This is a big year for uncleared margin,” a poignant statement from ISDA CEO Scott O’Malia in his recent conversation with Coalition Greenwich. The next phases—5 and 6—to be implemented on September 1, 2021 and September 1, 2022 respectively, will...

Competition among fixed-income trading platforms is increasingly fierce. Despite an already impressive run-up in electronic trading levels, expectations for growth in this segment are so high that an arms race is underway among those trying to take...

One of the most interesting questions we ask our participants in the annual Market Structure and Trading Technology study is which technologies have the most potential to be truly impactful on the trading desk. In other words, where does the hype (...

2020 has been an incredible year for financial markets and for those that analyze them. The year has been littered with spectacular events, many of which were completely unprecedented. Some events reversed long-standing trends, while others...

Two factors—integrating workflows and an expanding product base—hold the key to growth of innovative trading protocols such as streaming and broader use of electronic trading in the U.S. Treasury market. That was the refrain among leading market...

Trading volumes in U.S. Treasury (UST) markets hit records in March. For the week ending March 6, the average daily volume (including coupons and bills, but not TIPS) was $1.025 trillion per day ($997 per day for only coupons) — a record. On March 9...

COVID-19 started in late December 2019 in Asia, but its effects on the global markets were truly felt two months later. By late February, it was clear to investors all around the world that the pandemic would have a far-reaching impact on company...

In late April, we reached out to buy-side fixed-income investors in Europe to learn more about the impact of COVID-19 and their expectations for the near term. We asked these buy-side PMs and execution desks, “Which dealers stood by you the best...

The COVID-19 pandemic has forced the global economy into truly uncharted territory. Financial markets, being at the nexus of the economy, have been affected profoundly. Across Europe, all fixed-income market participants have had to rapidly adapt to...