MARKET NEWS
“Carelessness, inattention, inadequate safeguards”: FCA hits back at Ediphy
The FCA has disputed Ediphy’s allegations that its consolidated tape provider e-auction process experienced a technical fault, and did not register its weighted average...
S&P Global acquires With Intelligence
S&P Global has acquired private markets data, insights and analytics firm With Intelligence in a US$1.8 billion deal.
The company announced in October that it...
Eurex offers PLN swap clearing market
Eurex is developing a Polish Zloty (PLN) interest rate swap clearing market in light of EMIR 3.0 requirements.
The increased netting opportunities this provides will...
MacIndoe leaves Millennium Advisors
Fixed income trader Michael MacIndoe has left Millennium Advisors after seven years with the company.
MacIndoe has been in the industry for 15 years, with...
Pellous steps up at Aviva Investors
Fabrice Pellous has been promoted to head of global high yield at Aviva Investors.
Based in London, he reports to head of the capital opportunities...
Markets mourn Cassandra Seier
Markets are mourning Cassandra Seier, who passed away this weekend.
Throughout her almost 30-year career, Seier held numerous senior roles and she spent more than...
FEATURES
Credit futures see OI and ADV increase more than sevenfold YoY
The adoption of credit futures as a mainstream credit trading vehicle is broadening across venues and currencies: US$ iBoxx total return based futures traded...
Trade size growth undercuts European bond market ‘equitification’
Since 2023 European corporate bond markets have seen trades size grow, as trading platforms report increasing volumes
“If we break down electronic trading growth in European...
The pretenders, and kingmakers, to the bond throne
Dealers are backing several new trading platforms who are fighting major incumbents for market share.
In the bond market, the trading platform landscape has been...
Declaration of dependence
US president to oversee financial institution regulation amid deregulation drive.
Executive orders signed by US president, Donald Trump, have given him oversight of all US...
PROFILES
RESEARCH
Bond traders predict data science/AI use explosion in 2026
The DESK’s Corporate Bond Liquidity Access Survey, supported by LTX, finds trading desks are on the cusp of change.
Buy-side traders see 2026 as a turning...
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Credit Spotlight
RISK & RETURN
FROM THE ARCHIVES
Investor demand: South American debt capital markets immune from US markets correction
In a show of strength, exemplified by Itaú Unibanco's US$1 billion issuance on 27 February, South American debt capital markets have carried on functioning...
Matthew Cousens joins Clear Street
Matthew Cousens has been appointed EMEA head of electronic execution at Clear Street. He is based in London.
Clear Street held US$49 billion in assets...
Swaps market implies no rate change from FOMC
Data from the swaps market implies participants expect to see policy rates unchanged after the Federal Open Markets Committee (FOMC) meeting this week.
Looking further...
Savery named senior rates trader at Loomis, Sayles & Company
Loomis, Sayles & Company has appointed Patrick Savery as a senior US rates trader. Until recently Savery was working as a senior municipal bonds...
Crunching liquidity data
Sifting the sands of market data for gems of price and liquidity requires a build of mapping and analytical technology often beyond the resources...
How big can systematic trading get in credit?
Investors can achieve significant advantages though systematic trading, such as reduction of trader/investor bias, and responsiveness to signals. However, there are limits to the...
The barbell effect of analogue and digital trading
Buy-side firms were able to express their trading ideas into the market effectively during market volatility in April demonstrating that flexibility of communication and...
Voya announces leadership-succession plan for Voya Investment Management
Voya Investment Management CEO Christine Hurtsellers is to retire later this year, becoming a strategic advisor to the company until her retirement.
Hurtsellers said, “The...
The DESK Research: Which trading protocols are buy-side firms using?
Primary research finds a distinct break between trading for active and passive portfolios across non-comp trading and auto-execution.
The DESK surveyed 30 buy-side trading...
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Barclays bounces with strong Q1 trading revenues
Fixed income trading revenues spiked in the first three months of the year at Barclays, putting the bank significantly ahead of the majority with...
RBC hires Sayers from Citi to lead HY sales
Joe Sayers has joined RBC Capital Markets from Citi as head of high yield and loan sales, based in London and reporting to Janet...
Tradeweb implements block trading in Chinese bonds on Bond Connect
By Pia Hecher.
Bond trading operator platform Tradeweb Markets has launched block trading functionality in Chinese yuan (CNY) bonds on Bond Connect, the mutual market...
