MARKET NEWS
LGAM bolsters London team
Legal & General Asset Management has made two appointments in its London office, with Ryan Lee named head of liquidity distribution and Euan Martin...
Massaad Scott leaves Nomura as new London prop desk closes, again
Sources have confirmed to The Desk that Pamela Massaad Scott has left Nomura following the closure of the bank’s proprietary trading desk in London,...
Scottish ‘vanity’ issuance project puts investors at risk from independence
The Scottish Government has confirmed plans to enter the bond market and issue £1.5bn of debt in 2026-2027.
Ben Ashby, chief investment officer at...
Milei’s victory saw Argentinian debt traders reach for rapid risk transfer
In late October 2025, Argentine President Javier Milei’s party, La Libertad Avanza, scored a decisive win, in the country’s midterm elections, a political triumph...
October credit futures’ activity cools after September busy roll month
In October trading volumes of credit futures at Eurex, Cboe global markets and CME cooled after the September roll month, but open interest continued...
Scotland rated AA/Aa3 ahead of debut ‘kilt’ bonds
Scotland has received its first standalone credit ratings from Moody’s and S&P Global, with both agencies placing the Scottish Government on the same high...
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...
Subscriber
Credit Spotlight
RISK & RETURN
FROM THE ARCHIVES
Greenwich Associates: Buy side must break convention on fixed income EMS/OMS
A new report from analyst firm Greenwich Associates entitled, ‘The Fixed-Income Trading System Evolution’ makes a strong case for a new approach to developing...
MiFID II are you ready for 2018?
With the introduction of MiFID II and MiFIR on 3 January 2018, the European financial markets will face the biggest regulatory change they have...
ISDA has named Jeroen Krens as board chair
The International Swaps and Derivatives Association (ISDA) has appointed Jeroen Krens as its new board chair, effective 1st of January 2025. He succeeds Eric...
New flexible data offerings – Eugene Grinberg
Eugene Grinberg, Solve Advisors Co-Founder and CEO, tells The DESK how the firm’s acquisition of Advantage Data and Best Credit Data will support better decision-making...
CME Group to launch Chicago UST CLOB
CME Group is launching a second BrokerTec central limit order book (CLOB) for cash US Treasuries in Q3. Client testing begins on 27 April.
The...
The DESK BENCHmark 2017: Mid-sized buy-side have diverse trading
Mid-sized asset managers champion electronic trading - The DESK’s BENCHmark research has found mid-sized firms use electronic trading and a wider range of brokers than...
Subscriber
MiFID II Review: EC could allow payment for order flow in Europe
An ongoing review of the revised Markets in Financial Instruments Directive (MiFID II) and Markets in Financial Instruments Regulation (MiFIR) has seen debate on...
Beyond Liquidity: Investors Turn to Fixed Income Dark Trading During Market Stress
Dark pool trading in credit markets offers numerous benefits on a day-to-day basis, and can increase during periods of market stress. A recent example...
Buy side challenges SEC liquidity proposals
A number of buy-side firms have challenged Securities and Exchange Commission (SEC) proposals that would require open-ended mutual funds, excluding money market funds and...
Cohen joins Cabrera
Daniel Cohen has joined Cabrera Capital Markets as head of municipal trading.
Based in New York, Cohen has more than two decades of industry experience....
Primary market consolidation as NowCM acquires Nivaura’s IT and IP
NowCM Group CEO and Founder Robert Koller says the firm has entered into an asset purchase agreement to acquire all digital and IP assets...
CIOs assess stormy markets ahead
Managers can expect an even worse start to 2020 than they endured in 2019, unless credit markets see an adjustment, according to Chris Iggo,...
