Executive Summary

This report provides detailed information from North American-based fixed-income investors investing in municipal bonds and derivatives, including helpful benchmark data such as:

  • Trading volume by type of investors
  • Electronic trading activity
  • Concentration of business
  • Most important factors driving business to dealer
Methodology

This report provides detailed information on municipal bonds and derivatives according to buy-side firms located in North America investing in U.S. fixed income. Research is based on in-person and telephone interviews with 105 municipal bonds and derivatives investors in the 2018 Study. The data in this report is based upon aggregated results from individuals participating in the study.