MARKET NEWS
Euronext seeks govies clearing expansion
Euronext Securities Milan has requested LCH open the settlement of all its European government bonds as Euronext seeks to align the services of its...
Clifford drops Citi for BlackRock
Head of trading Paul Clifford has left Citi after more than a decade with the firm, joining BlackRock as a senior multi-asset trader.
He is...
Dincher joins Barclays IB
Jeffrey Dincher has joined Barclays Investment Bank as director of capital markets, conducting research to support the high-yield trading and sales teams.
He is based...
SEC greenlights DTCC tokenisation initiative
The US Securities and Exchange Commission (SEC) has issued a no-action letter to the Depository Trust & Clearing Corporation (DTCC), allowing the company to...
Perkins joins Deutsche Bank
Sean Perkins has joined Deutsche Bank as director of high yield research. He is based in New York.
Perkins has more than 25 years of...
SocGen promotes Braham
Mohamed Braham has been promoted at Societe Generale CIB, being named as head of global markets, and APAC head of fixed income and currencies...
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
Ballooning margin costs hobble US treasury basis trade returns, research finds
Institutional investors betting on yield spread fluctuations between US treasuries are facing ballooning margin costs, new research from derivatives analytics firm OpenGamma reveals.
Rising margin...
Fixed income is Nasdaq’s greatest challenge
By Flora McFarlane.
Market operator Nasdaq has reported second quarter revenues from fixed income, commodities and currency (FICC) remained at US$19 million from Q1 2017,...
Beyond Liquidity: Automation a key theme in fixed income
Automation was one of the most discussed themes at this year’s Fixed Income Leaders’ Summit in Barcelona, which took place earlier this month, with...
Sean George joins Millennium Capital Partners
Sean George has been named portfolio manager at Grace Court Capital, a credit fund division of Millennium Capital Partners, which has US$52 billion in...
Liberty Street Economics asks: How Is the corporate bond market functioning as rates rise?
The Federal Reserve Bank of New York’s market structure and macro analysts, Liberty Street economics, has examined how corporate bond market functioning has withstood...
An EMS built for bond trading
Trading protocols in fixed income are multiplying and becoming more dynamic, placing demands on trading desks that only an EMS can manage.
An execution management...
Bonds.com integrates RFQ into corporate bonds order book
Bonds.com has added a request for quote (RFQ) protocol to its corporate bond order book, using MultiLynq’s multi-dealer messaging and connectivity capabilities.
Operated by interdealer...
Morgan Stanley: Fed buying programme has benefits beyond direct purchases
Analysis of the Federal Reserve’s Secondary Market Corporate Credit Facility (SMCCF) by Morgan Stanley analysts has found that its purchases of exchange traded funds...
ICMA responds to digital securities sandbox proposals
The International Capital Market Association (ICMA) has suggested a number of amendments to the FCA and Bank of England’s proposal to implement and operate...
J.P. Morgan: Offering new operational benefits for bond funds through DLT
The bank launches Digital Bond Issuances to better support investors as markets move to a distributed ledger model across assets.
As J.P. Morgan announces the...
EMCA 2024 WINNER – Instinet Positive Change Visionary
EMCAs – Stacey Parsons, Winner of the Instinet Positive Change, Visionary award, 2024
Stacey Parsons, managing director of capital markets and head of fixed income...
DirectBooks names team and launches advisory committee
DirectBooks, a sell-side consortium designing systems for the primary bond market, has named Yvonne Wang as chief operating officer, and Christopher Rodriguez as global...
