Key Findings
What the data really tells us
Confidence in ETFs is Stronger than Ever
The bast majority (88%) of leaders express confidence in ETFs under stress, with many embedding them into liquidity management. Independent pricing has become essential.
Mini-Bond Readiness is Uneven
Only 10% see the mini-bond market as fully prepared. Fragmented regulation and weak secondary liquidity remain barriers, but appetite for innovation shows potential.
Systemic Reforms Valued Over Incremental Tweaks
61% highlight central clearing and settlement as the most effective risk-reducing measure, underscoring demand for efficiency, standardisation, and greater market infrastructure.
Macro and Political Risks Dominate Returns
Post-election policy uncertainty, fiscal pressures, and slowing growth top the list of risks, far ahead of inflation or FX volatility. Policy and politics now matter more than markets alone.
of respondents are confident in using ETFs for price discovery and liquidity during times of stress
Liquidity Solutions are Evolving
Portfolio trading and all-to-all venues are now the default in less liquid instruments, while AI/ML adoption for trade optimisation is rising. Traditional bank relationships still underpin trading, but innovation is gaining ground.
