You can't really blame Deutsche Bank for getting out of the swaps clearing business .  It has been 7 years since Dodd-Frank was passed, and four years since clearing mandates took effect in the US, and clearing swaps for customers still falls...

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...

The market is more electronic than ever, but relationships still drive the vast majority of trading.  It is important to remember that “electronic trading” and “relationships” are not mutually exclusive, and that even the most electronic firms...

The majority of startups fail.  A little googling told me that over 90% fail within three years.  Despite the fact that the cost of starting a company has decreased considerably via cloud computing and open source technology, taking into...

From a fund type perspective, it should come as no surprise that hedge funds - nearly 90% of those in our study - use derivatives, above the roughly 60% of asset managers that do the same.  Their leveraged approach to investing coupled with...

I can’t say I was ever really a fan of Joan Armatrading, but her 1983 hit “Drop the Pilot” comes to mind following the Equity Market Structure Advisory Committee’s (EMSAC) recommendation for an Access Fee Pilot Program. Maker-taker pricing refers...

In my first blog post on the evolving blockchain technology landscape I wrote about how, following the hype of 2015, this year would see technology companies and financial services firms explore different ways to use the blockchain technology in...

Richard Johnson, Greenwich Associates vice president of market structure and technology, discusses the results of the firm's survey of 256 buy-side traders around the world. He speaks with Bloomberg's Alix Steel on Bloomberg Markets. Bloomberg...

An important, but little understood feature of US market structure is the operation of National Market System (NMS) Plans. NMS Plans came about through the 1975 Amendments to the Securities and Exchange Act, and essentially provide a mechanism for...

The biggest FinTech story of last week was the announcement that not only had Digital Asset Holdings (DAH)  raised $52mm in funding, but had also secured a strategic contract to develop distributed ledger (blockchain) settlement solutions for...