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...

Over the last few weeks many have speculated that low volatility must mean that investors are complacent. As I was writing this post, in fact, an email came through about a new volatility study from ConvergEx showing that half of their ...

Its a little sad how excited I get about charts.  Maybe its because they do such a good job telling a complex story, or maybe because looking at a chart is easier than reading - but I digress.  Another great view of the fixed income world...

Those of us tracking the broader fixed income market have become quite familiar with the chart showing dealer inventories of corporate bonds falling through the floor, but this chart of bank US Treasury holdings totally blew me away. Source:...