SOGEI website background

An analysis of long term evolution of the italian government bond wholesale secondary market liquidity

An analysis of long term evolution of the italian government bond wholesale secondary market liquidity

Outline of the presentation: Look at long term trends of MTS cash liquidity (2006-2017). If, when and how liquidity changed. - Liquidity long term trends and market making: if and how the evolution of liquidity affected market making strategies. - Liquidity long term trends and large trades execution. - New regulation and market competition are currently the two main forces driving down market making profitability. A first empirical test is based on the impact of a change in the market making rules set by the Treasury.