Key Suggestions
Turning insights into action
Embed Independent Pricing into Strategy
Move beyond counterparties. Integrate third-party pricing and analytics into workflows to validate decisions, monitor liquidity, and strengthen best execution.
of respondents say independent pricing and liquidity analytics are critical to their trading ecosystems
Address fragmented regulation and secondary liquidity. Market confidence will grow only if systemic reforms and trusted technologies such as smart contracts and digital ID are prioritised.
cite fragmented regulation as the biggest barrier to mini-bond adoption.
Accelerate Mini-Bond Reform
Build on Market Infrastructure Foundations
Support broader adoption of central clearing and settlement. Efficiency and standardisation are critical to reducing risk and unlocking growth across Europe’s fixed income markets.
highlight wider adoption of clearing and settlement as the most effective risk-reducing measure.
Develop playbooks for policy-driven shocks. With fiscal burdens and post-election uncertainty high on the agenda, firms must integrate political risk more systematically into portfolio construction.
see post-election policy uncertainty as the greatest risk to returns.
Prepare for Political and Fiscal Volatility
Balance Tradition with Innovation in Liquidity Sourcing
Continue leveraging bank relationships, but diversify with portfolio trading, all-to-all venues, and selective use of AI/ML tools. Combining traditional networks with digital innovation will be key to resilience.
rely on portfolio trading, while 37% use all-to-all venues for less liquid instruments.
