MarketAxess CEO McVey on the Bond Trading Landscape

The video discusses the growth of electronic trading in bond markets, highlighting the shift towards all-to-all trading protocols and the challenges posed by market fragmentation. It examines the impact of regulatory reforms on banks and their trading strategies, as well as the introduction of new liquidity and global market expansion. The video also analyzes trade sizes and market fragmentation, emphasizing the increasing comfort of investors with larger trade sizes.

What changes have been observed in the trading of US corporate bonds over the last few years?

What limitations exist in the bond market that affect trading frequency?

How has the role of large banks in bond trading been affected by regulatory reforms?

How has all-to-all trading impacted transaction costs for clients during challenging credit conditions?

What are the three key components that create new forms of liquidity in the bond markets?