MARKET NEWS
US retail goes big on directly-held bonds
Retail investors are leaning back into bonds, according to a recent Coalition Greenwich report – and are increasingly owning them directly, rather than through...
Doriane Geyler Rojas joins Ostrum AM
Doriane Geyler Rojas has been appointed business manager and project lead within the "direction des gestions" at Ostrum Asset Management.
Ostrum AM says it manages...
“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$1.8 billion deal.
The company announced in October that it...
Eurex offers PLN swap clearing market
Eurex is developing a Polish Zloty (PLN) interest rate swap clearing market in light of EMIR 3.0 requirements.
The increased netting opportunities this provides will...
MacIndoe leaves Millennium Advisors
Fixed income trader Michael MacIndoe has left Millennium Advisors after seven years with the company.
MacIndoe has been in the industry for 15 years, with...
FEATURES
Credit futures see OI and ADV increase more than sevenfold YoY
The adoption of credit futures as a mainstream credit trading vehicle is broadening across venues and currencies: US$ 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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RISK & RETURN
FROM THE ARCHIVES
Ipreo positive on FCA primary market consultation
By Flora McFarlane.
Primary market platform provider Ipreo has welcomed the consultation on primary markets by UK market regulator the Financial Conduct Authority (FCA).
“The FCA’s...
Buy side wants new tools in primary market tsunami
Several buy-side traders report new primary bond market tools could come online this year in the US, with dealer consortium DirectBooks expected to step...
Liquidnet signs up to the Sustainable Trading initiative
Market operator Liquidnet, part of the TP ICAP Group, has joined a member of Sustainable Trading, a non-profit membership network dedicated to supporting environmental, social...
MTS boosts BondVision credit trading with dealer-driven growth initiative
Euronext’s MTS is building out its BondVision platform, aiming to grow the platform and promote competition across the market.
Introducing competitive and simple fees for...
US Treasury volumes up, volatility down post-election
Average daily notional volume (ADNV) in US rates trading rose by 14% year-on-year (YoY) in November, reaching US$953 billion. This marks the most electronic...
Bloomberg launches market-driven daily credit risk indicator
Bloomberg is offering its Market-Implied Probability of Default (MIPD) product, a market-driven creditworthiness indicator, to both Enterprise Data and Bloomberg Terminal clients globally. MIPD...
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...
Same trading costs, different year
The new year has seen trading volumes drop back to a similar level as seen in early January 2022, but in European credit, bid-ask...
Emerging markets’ uneasy calm
Bid-ask spreads for fixed income trading in emerging markets have stabilised after a tumultuous year in 2022, according to TraX data, triggered by the...
European Women in Finance: Nandini Sukumar, finding a voice
Nandini Sukumar, CEO of World Federation of Exchanges talks to Lynn Strongin Dodds about vision, strategy and consensus building.
In the five years since Nandini...
Reducing trading costs under the UMR microscope
Asset managers able to assess their exposure to uncleared margin rules can significantly reduce their administrative and trading costs.
In July 2019, the Basel Committee...
FILS 2022: FlexTrade, Glimpse herald “transformative” EMS data integration
Bond market data sharing platform Glimpse Markets has integrated with FlexTrade Systems’ fixed income execution management system (EMS), the two companies have announced.
FlexTrade said...
