Cheshire, Jon - In: RBA Bulletin (2015) March, pp. 63-74
and declining in less liquid ones. These changes in market-making activity have been driven by both market …In November 2014, the Committee on the Global Financial System (CGFS) published a report on developments in market … making and proprietary trading in fixed income and related derivative markets (CGFS 2014). The aim of the report was to …