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MARKET NEWS
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...
Tradeweb and MarketAxess beat TRACE growth in November
US electronic credit activity firmed in November. On FINRA’s TRACE tape, combined US investment-grade and high-yield average daily volume (ADV) rose to US$57.8 billion,...
Cboe’s credit futures activity and OI leapfrogs CME and Eurex in November
In November, Cboe’s US dollar iBoxx iShares credit futures set new records with US$455 million in average daily volume (ADV) and US$1.95 billion in...
Jefferies increases credit focus with Hildene acquisition
Jefferies has acquired 50% interest in Hildene Holding Company, parent company of credit-focused Hildene Capital Management and its affiliates.
Hildene Capital Management holds more than...
FEATURES
Credit futures see OI and ADV increase more than sevenfold YoY
The adoption of credit futures as a mainstream credit trading vehicle is broadening across venues and currencies: US$ 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
What’s the fuss about… New capital rules?
What’s all this fuss about new capital rules? The US Federal Reserve has decided that some banks, with over US$100 billion in assets, need...
MarketAxess launches direct access to UBS Bond Port
Users of MarketAxess’ private banking and wealth management service Axess IQ can now route orders directly to UBS Bond Port.
“UBS has been a liquidity...
Investor Demand: Geopolitical risk an evolving threat, but not discouraging risk taking
Geopolitical risk is top of mind for institutional investors, with close to 50% saying that there are too many in play for them to...
![“Complete misunderstanding … or try[ing] to baffle people”; Lutnick counters Duffy](https://www.fi-desk.com/wp-content/uploads/2023/05/Howard-Lutnick_214A_Cantor_900x600-218x150.jpg "“Complete misunderstanding … or try[ing] to baffle people”; Lutnick counters Duffy")
“Complete misunderstanding … or try[ing] to baffle people”; Lutnick counters Duffy
BGC Group’s Q2 earnings call this week wasted no time at all before addressing the ongoing spat between CEO Howard Lutnick and CME CEO...
TMPG: US Treasuries supply may strain market makers; Fed guidance a concern
Newly released minutes from the Federal Reserve’s Treasury Market Practices Group, an industry-led advisory body on market structure and trading, has indicated concern about...
AxeTrading links with Börse Stuttgart, Bond Port and adds Overbond pricing tool
Börse Stuttgart is to resume business in €-corporate bonds with its long-standing partner Raiffeisen Bank International AG (RBI), via the AxeTrading platform.
RBI will use...
Top trends in fixed income electronification for 2018
By Flora McFarlane.
Analyst firm Aite Group has predicted six electronification trends for fixed income in 2018, highlighting further room for expansion for fintech firms,...
ADDX launches blockchain-based debt issuance marketplace
Private market exchange ADDX has launched a blockchain-based multi-issuer debt issuance solution for firms to issue digitised commercial paper and bonds.
The digitised bonds from...
Overbond aims to increase fixed income automation
Overbond has introduced a margin optimization model for trading and incorporated voice data in its data as it looks to provide more interoperable artificial...
Virtu launches liquidity scoring tool for fixed income
Electronic liquidity and technology provider, Virtu Financial, has expanded its multi-asset transaction cost model offering with the launch of Fixed Income Agency Cost Estimator...
Location will determine bid-ask spreads for European bond traders
Where European bond traders and their counterparties are sat could affect the size of bid-ask spreads they are shown, thanks to a split in...
Madrid joins Jefferies in London
Rafael Madrid has joined Jefferies as managing director of emerging markets credit trading. He is based in London.
Jefferies reported US$178 million in fixed income...
