MARKET NEWS
Propellant adds TRACE data to global FI data platform
Propellant Digital is adding TRACE data to its global fixed income data platform, increasing its coverage of US and European bond and derivative data.
Vincent...
Bloomberg’s open chat API creates exciting but costly opportunities
Bloomberg’s cross-firm chatbot API service can save companies time as they share information. But they are also expensive, and present firms with a fresh...
FILS EU 2025: Traders need to take control of their future
While the European and UK consolidated tape fiascos are dominating gossip around the Fixed income Leaders Summit in Amsterdam, other big themes are clearly...
European credit trades size up 15% year on year Q3
European credit trades keep getting larger. The notional blended trade size for Investment grade and high yield European credit was €786k in September 2025...
FIX and ICMA collaborate on axe quality improvement initiative
The FIX Fixed Income Axe Standards Working Group is leading an initiative to improve the quality of axes in bond trading, in partnership with...
Chun leads Tradeweb in Asia
Rich Chun has joined Tradeweb as head of Asia.
Based in Hong Kong, Chun reports to co-heads of global markets Enrico Bruni and Troy Dixon....
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
Innovation through electronic trading
Dan Philip, Institutional Sales & Trading at Jane Street speaks to The DESK.
How has the bond market changed this past year, in the aftermath...
SEC signs off US Treasury clearing for cash and repo
The US Securities and Exchange Commission (SEC) has adopted a rule designed to reduce risk in the US Treasury market by ensuring that more...
FMSB publishes final standard for the sharing of investor allocation information
The FICC Markets Standards Board (FMSB) has published the final standard for the sharing of investor allocation information in the fixed income primary markets.
Syndicate...
Lucas Busch promoted at LGAM
L&G Asset Management has promoted Lucas Busch to head of US credit trading.
Busch has been with the firm since 2019 as a credit trader,...
Broadridge’s LTX completes integration with Charles River Development
LTX, Broadridge Financial Solutions’ artificial intelligence (AI)-driven digital trading platform, has completed a successful integration with the Charles River Investment Management Solution (Charles River...
China focus: The outstanding debt of defaulters
Concern around issuer defaults in China is clearly based upon good evidence; our chart this week from S&P Global Ratings shows the annual growth...
Cboe: The future of credit is here – why credit index futures are finally...
David Litchfield, Director of Cboe Derivatives Sales, Cboe
After years of false starts, credit index futures have finally gained traction in institutional portfolios. The Cboe...
Measuring digital bond issuance
The use of distributed ledger technology (DLT) to issue bonds can tackle several concerns in the debt markets. Firstly, it reduces the fragmented information...
CSG closes portfolio financing, sells US$15 million in bonds
Real estate and renewable energy financial services company Churchill Stateside Group has sold US$15 million of short-term cash collateralised, tax-exempt bonds to financial institutions,...
TORA launches into fixed income
Global consultancy & analyst firms have called for innovative approaches to trading desk technology in fixed income. Now, David Tattan, Managing Director & Head...
ICAP and the buy side – the beginning of something?
A consensus-led approach has allowed the interdealer broker to overcome political challenges, as brokers open a channel for their investment management clients. Dan Barnes...
Vanguard launches new active global credit bond fund
Vanguard, which has US$5.3 trillion in global assets under management (AUM), has launched the Vanguard Global Credit Bond Fund, an actively managed fund to...
