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Search resuls for: "Chris Concannon"


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It's time for the annual gathering of the trading community. Here's a rundown of some of the hot topics: Crypto in focus: SEC Chair Gary Gensler will be speaking at noon on Thursday. Electronic trading changed the trading world 30 years ago, is AI poised to do the same? Two pioneers of electronic trading, Virtu Financial founder Vinnie Viola and Peterffy, will be speaking at noon today, reflecting on the past and future of trading and will certainly be asked about the role AI will play in future trading. Tradeweb CEO Billy Hult and MarketAxess CEO Chris Concannon will discuss the growth in Treasury trading and the increasing electronification of the bond market.
Persons: I'm, Piper Sandler, Gary Gensler, Gensler, Binance, Michael Novogratz, Jean, Marie Mognetti, Vlad Tenev, Doug Cifu, Thomas Peterffy, Vinnie Viola, Peterffy, Ed Tilly, Terry Duffy, Billy Hult, Chris Concannon, Rich Repetto's, Rich Repetto Organizations: Piper, Piper Sandler Global Exchange, New York City, NYSE, Nasdaq, Cboe, London Stock Exchange, SEC, Galaxy Digital, Virtu, Global, Treasury, CME, Citadel, CNBC PRO Locations: New York
Major trading platform CEO sees signs of a bond ETF revival
  + stars: | 2023-04-07 | by ( Sean Conlon | ) www.cnbc.com   time to read: +1 min
Demand for bond ETFs appears to be rising. According to MarketAxess CEO Chris Concannon, there are signs Treasury ETFs are on the cusp of substantial inflows. "We're about to see what I'd call [a] bond renaissance," the electronic-trading platform CEO told CNBC's "ETF Edge" this week. "The Fed is still taking action, so I would expect bond yields overall to remain relatively high and attractive." Meanwhile, it found corporate bond ETFs saw $6 billion in outflows in the first quarterLydon speculates the renewed interest is caused by investors losing faith in traditional 60/40 investment portfolios.
Concannon said that the digitization of fixed income ETFs across the equity market accelerates the opportunity for investors to trade and hedge in the underlying corporate bond market. "We see that electronic trading is in fact accelerating as more and more people adopt fixed income ETFs," he said. "We saw a super high volatility in both the equity market and the underlying corporate bond market, and all those fixed income ETFs sustained that volatility." Because electronically traded bond ETFs are exchanged instantaneously, the funds are able to lead the underlying bonds. "And so, the underlying corporate bond market is actually following that ETF market."
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