MARKET NEWS
T. Rowe Price deploys Genesis’ primary bond custom tool
T. Rowe Price has gone live with Genesis global’s primary bond issuance (PBI) tool. It aims to standardise how its fixed income teams manage...
BoE issues stablecoin regulation proposals
The Bank of England has issued a proposed regulatory regime for sterling-denominated systemic stablecoins, revising two elements of policy proposed in a 2023 discussion...
Scott swaps JP Morgan for Bloomberg
Ryan Scott has joined Bloomberg’s rates electronic sales team. He is based in New York.
Last year, the firm released a report suggesting that automated...
Fenwick joins HSBC
David Fenwick has joined HSBC as an investment grade credit sales trader, swapping the buy side for the sell side.
HSBC reported US$6.7 billion in...
MarketAxess outperforms competition in October through slower month
US electronic credit trading slowed down in October. FINRA’s TRACE tape recorded combined US investment-grade (IG) and high-yield (HY) average daily volume (ADV) at...
Bidding for nothing – what do you get for 68p?
Court documents filed by Ediphy Analytics explain that it planned to offer consolidated bond tapes for free – before it was knocked out of...
FEATURES
Credit futures see OI and ADV increase more than sevenfold YoY
The adoption of credit futures as a mainstream credit trading vehicle is broadening across venues and currencies: US$ 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
MTS and Wematch.live launch digital marketplace for interest rate swaps
MTS, the European electronic fixed income platform owned by Euronext, and Wematch, the tech firm that provides buy- and sell-side firms' dealing workflow systems,...
Fund managers report more certainty in EM than in developed markets
The key takeaway from the first plenary session at the Fixed Income Leaders Summit in Amsterdam was clear; in 2026, uncertainty has become a...
EU lawmakers push for more stringent bond rules
The European Union is looking to tighten the region’s planned green bond standards to mitigate greenwashing from issuers of environmentally-friendly debt.
It calls on sellers...
US corporate bond market continues upward trajectory
Average daily notional volumes (ADNV) were up 9% year-on-year (YoY) in US credit markets, reaching US$47 billion. Year-to-date, ADNV is up 21%.
In 2024, the...
Barclays Canada hires new head of investment banking
Barclays has appointed Ryan Voegeli as head of investment banking for Canada. Voegeli will be based in Toronto.
Voegeli has twenty years of investment banking...
BofA: ‘Universal gloom’ in fund manager survey
The latest fund manager survey by BofA has found that a net 92% of survey participants expect a recession in Europe over the next...
FILS in Barcelona: ‘Spectre at the feast’ as recession looming despite falling inflation
At FILS 2023, Amir Fergani head of fixed income France & EMEA at Generali Insurance Asset Management, Philippe Waechter, chief economist at Ostrum Asset...
IA opens best ex debate
by Dan Barnes.
The risks of pushing for quantitative execution analysis, when too little data exists to support it, have been revealed in a whitepaper...
Research Profile: DirectBooks
The electronification of primary bond markets is a priority for buy-side firms this year, and DirectBooks, originally formed by a consortium of nine global...
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FCA details CTP tender process
The FCA has outlined its next steps in the consolidated tape provider (CTP) selection process, from initial applications to final authorisation.
Applications must be submitted...
Citadel poaches Rauseo
Kevin Rauseo has joined Citadel LLC, the alternative investment firm. Rauseo, who was formerly an executive director and head credit trader at rival systematic...
Arabadjief joins First Eagle
First Eagle Investments has appointed Justin Arabadjief as head of high grade trading for municipal credit as it continues to build out its investment...
