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| 02066cam 2200337za 4500 |
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| 001 | 9.844245 |
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| 003 | CaOODSP |
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| 005 | 20221107152713 |
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| 007 | cr ||||||||||| |
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| 008 | 170921s2017 oncd ob f000 0 eng d |
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| 040 | |aCaOODSP|beng |
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| 041 | |aeng|bfre |
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| 043 | |an-cn--- |
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| 086 | 1 |aFB3-7/2017-11E-PDF |
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| 100 | 1 |aHyun, Daniel. |
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| 245 | 10|aDo Canadian broker-dealers act as agents or principals in bond trading? |h[electronic resource] / |cby Daniel Hyun, Jesse Johal and Corey Garriott, Financial Markets Department. |
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| 260 | |a[Ottawa] : |bBank of Canada, |cc2017. |
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| 300 | |a5 p. : |bcol. charts |
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| 490 | 1 |aStaff analytical note = Note analytique du personnel, |x2369-9639 ; |v2017-11 |
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| 500 | |aCover title. |
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| 504 | |aIncludes bibliographical references. |
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| 520 | 3 |a"Technology, risk tolerance and regulation may influence dealers to reduce their trading as principals (using their own balance sheets for sales and purchases of securities) in favour of agency trading (matching client trades). A move toward agency trading would represent a change in the structure of Canadian bond markets and, in theory, could worsen some aspects of market liquidity. To assess the prevalence of agency trading in Canada, we use data from the Market Trade Reporting System to construct the first estimate of agency-based trading in Canadian bond markets. We find that agency trading is relatively uncommon across major segments of Canadian fixed-income market and that large bank broker-dealers are less likely than their smaller counterparts to trade as an agent"--Abstract, p. [2] of cover. |
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| 546 | |aIncludes abstract in French. |
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| 692 | 07|2gccst|aBonds |
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| 692 | 07|2gccst|aCapital markets |
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| 692 | 07|2gccst|aFinancial institutions |
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| 700 | 1 |aJohal, Jesse. |
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| 700 | 1 |aGarriott, Corey. |
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| 710 | 2 |aBank of Canada. |
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| 830 | #0|aStaff analytical note,|x2369-9639 ; |v2017-11|w(CaOODSP)9.807323 |
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| 856 | 40|qPDF|s429 KB|uhttps://publications.gc.ca/collections/collection_2017/banque-bank-canada/FB3-7-2017-11-eng.pdf |
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