News & Views Article
BONDWAVE DATA DIGEST – VOLUME 3
- January 30, 2017

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Cost of Trading

BondWave maintains a proprietary database of dealer-to-dealer bid/ask spreads and customer- to-customer bid/ask spreads that allows us to measure trading cost in corporate and municipal bonds. Using this data, we can examine trends in trading behavior and trading cost over time. The data has been calculated in real-time since the beginning of the second quarter of 2016.
Given the eventful end to 2016, including significant post-election moves in the prices of fixed income securities, we thought we would use our data to examine how trading costs have changed over the final nine months of 2016.

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