Research Corner
Tracking market movements and macro signals that impact our members, and the performance of businesses and consumers that our market supports
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SFJournal: Trading as a Service:Turning SP Trading Back into a Strategic Growth Engine for Banks
Post–Global Financial Crisis reforms increased the capital cost of holding credit risk, prompting banks to scale back capital-intensive trading activities. This paper introduces Trading as a Service (TaaS) as a complementary approach to the traditional dealer model, embedding more consistent, deal-specific market-making alongside investment banking. The framework seeks to improve liquidity, price transparency, and secondary support while better aligning trading and banking incentives within existing regulatory constraints.
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SFA’s Research Corner beta release of the SFA KnowledgeHub, a flexible data platform created to acquaint non-members with pertinent information and provide members with swift access to vital industry data sources.
SFA Research Pieces
SFAcademy: The Bootcamp Series
January 20, 2025
The Structured Finance Association (SFA) has launched a new structured finance education program, the SFAcademy. Every other week, new content will be added to our inaugural Bootcamp Series. Our Modules are designed to introduce the fundamentals of securitization and various securitized asset classes through accessible explanations and real-life examples to practitioners of all levels.
Amount Funded By
Our Market
Total Securitizations Outstanding in Trillions (Year-End 2020)
Total 2022 YTD Private Market Securitization $745 Billion
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