Bringing voices together to promote well functioning markets
Every Friday, we send you an email of top articles related to corporate bond market development. The newsletter is a free service.
All Posts By


FIMSAC Proposal to Delay Reporting of Block Trades to Increase Liquidity – SEC FI Market Structure Advisory Committee

  • Charlie
    CharlieApril 13, 2018"Higher caps is great, more transparency. The larger delay on blocks is certainly debatable. But the real tragedy is that they didn't go with alternative 1.a for measurement, i.e. the randomized controlled trial approach ("Rather than apply the new dissemination cap sizes and changes to all corporate bonds, divide bonds into a control group with no change and a test group with the changes applied.") Comparing volumes year over year is just not a great counterfactual, m…"

Big Tech Firms Are Behaving Like Big Banks – Bloomberg Gadfly

  • Cougar
    CougarMarch 18, 2018"I disagree with the thesis of article but it raises valid points (which we saw going into the last crisis in a different guise). The 101 of a bank is to lend to individuals or/and businesses and to have a specialization at determining counterparty credit risk and charting the appropriate interest rate (or not lending at all). Amazon isn't doing that and it's the most advanced of the three tech firms cited. Yes, Apple and others have massive treasury operations - inves…"