MARKET NEWS
Jefferies increases credit focus with Hildene acquisition
Jefferies has acquired 50% interest in Hildene Holding Company, parent company of credit-focused Hildene Capital Management and its affiliates.
Hildene Capital Management holds more than...
Lord Abbett invests in IMTC
IMTC has closed a US$12 million Series A funding round, with Lord Abbett joining its ranks of investors.
The round was led by fintech-focused venture...
Simpler bond liquidity assessments diverge on either side of the Channel
British and European authorities are actively aiming to simplify bond liquidity and transparency regimes, but divergent reporting deferral rules for rates and credit, as...
Justesen joins Muzinich
Jakob Justesen has joined Muzinich as a fixed income trader. He is based in London.
Privately owned investment firm Muzinich specialises in public and private...
FIM Partners appoints emerging market debt trader
FIM Partners has hired Nicholas Nellis as a portfolio manager and trader focused on emerging-market debt.
He joins the London and Dubai-based investment manager after...
UK bond CTP suspension lifted
Etrading Software can finally sign the UK bond consolidated tape provider contract, with Ediphy consenting to the High Court suspension being lifted.
CEO Chris Murphy...
FEATURES
Credit futures see OI and ADV increase more than sevenfold YoY
The adoption of credit futures as a mainstream credit trading vehicle is broadening across venues and currencies: US$ 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
O’Kelly appointed head trader at RPMI Railpen as it insources trading
RPMI Railpen, which represents the UK’s railway workers pension fund, has hired Tom O’Kelly as head trader. The scheme manages around £30 billion for...
UBS names Sergio Ermotti as group CEO
The Board made the decision to appoint Sergio P. Ermotti as Chief Executive Officer in light of UBS’s new priorities following its planned acquisition...
MarketAxess connects to China via Bond Connect and CFETS
Bond market operator MarketAxess has launched a new trading channel for its global investors to access the China Interbank Bond Market (CIBM). Access is...
MarketAxess hit 21.5% of investment grade TRACE volume in Q2
Fixed-income market and infrastructure operator, MarketAxess, has seen revenues for the second quarter of 2020 increase 47% year-on-year (YoY) to US$184.8 million, up from...
Why US and European exchanges face very different landscapes
While European authorities try to push more trading back onto stock exchanges, which have entered a period of consolidation, US regulators are angling for...
Exclusive: Stacey Parsons joins PrimaryBid
Capital markets technology firm, PrimaryBid, has appointed Stacey Parsons as managing director and head of fixed income. Parsons’ appointment is expected to accelerate PrimaryBid’s...
GreySpark: FI markets will continue to see fragmentation based on all-to-all trading
A report by consultancy GreySpark has found that in 2020, global fixed income e-trading landscape has been defined by fragmentation in line with historical...
Technology: What large language models do to the trading desk
LLMs are already adding value to trading teams.
The advent of Open AI’s Chat Generative Pre-trained Transformer (ChatGPT) tool has generated as many column inches...
Fixed Income TCA, who would have thought it?
Paul Reynolds, Head of FI Sales and Strategy at TradingScreen
For many years Fixed Income TCA has failed to adequately provide its users with a...
ESMA launches consultation to clarify boundaries of trading venues under MiFID II
The European and Securities Market Authority (ESMA) has launched a consultation on what constitutes a trading venue, and what can be considered a trading...
The Book: Orbia prices 2030, 2035 senior notes
Mexico-based industrial product provider Orbia Advance Corporation has announced the pricing of its 2030 and 2035 senior notes.
The international offering was made outside of...
Jean-Marc Perrin elevated at SGCIB
Société Générale Corporate and Investment Banking (SGCIB) has promoted Jean-Marc Perrin to co-head of Investment grade credit trading.
This advancement comes after his tenure as...
