Perhaps more than any other individual, Dr. Yunus inspired the movement that has become known as microfinance. In 1976, Dr. Yunus founded the Grameen Bank in Bangladesh, which became one of the pioneers of the concept of offering small loans to people deemed too poor or insufficiently creditworthy to qualify for traditional bank loans.
During periods when market prices are adjusting, the presence of market participants that have longer holding periods can be beneficial because these participants absorb some of the order imbalance. One possible concern for the future evolution of the bond market is that high-frequency firms reduce the return to market-making activities in normal (benign) times causing market makers to exit as such activity becomes uneconomic.