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Market Making structure and evolution: World Bank insights on Sovereign Bond markets

Market Making structure and evolution: World Bank insights on Sovereign Bond markets

The presentations contains the results of a WB survey on 26 countries about trends in secondary market liquidity, also focusing on the following topics: Electronic Trading Platforms: market share, trading volume by type of ETP and of debt instrument, number of ETPs, type of operators; Primary Dealer System: size and composition of PD group, obligations, support, incentives, sanctions. Alternative methods to market making are also considered such as: call market, fixing, reference price. Strategic role of Market infrastructures is deeply explained, particularly Central Securities Depository (CSD) and Securities and Settlement System (SSS).