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MARKET NEWS
LGAM bolsters London team
Legal & General Asset Management has made two appointments in its London office, with Ryan Lee named head of liquidity distribution and Euan Martin...
Massaad Scott leaves Nomura as new London prop desk closes, again
Sources have confirmed to The Desk that Pamela Massaad Scott has left Nomura following the closure of the bank’s proprietary trading desk in London,...
Scottish ‘vanity’ issuance project puts investors at risk from independence
The Scottish Government has confirmed plans to enter the bond market and issue £1.5bn of debt in 2026-2027.
Ben Ashby, chief investment officer at...
Milei’s victory saw Argentinian debt traders reach for rapid risk transfer
In late October 2025, Argentine President Javier Milei’s party, La Libertad Avanza, scored a decisive win, in the country’s midterm elections, a political triumph...
October credit futures’ activity cools after September busy roll month
In October trading volumes of credit futures at Eurex, Cboe global markets and CME cooled after the September roll month, but open interest continued...
Scotland rated AA/Aa3 ahead of debut ‘kilt’ bonds
Scotland has received its first standalone credit ratings from Moody’s and S&P Global, with both agencies placing the Scottish Government on the same high...
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
CME Group completes migration of BrokerTec trading platform to CME Globex
Market operator CME Group has migrated the US Treasuries trading and US repo functions of BrokerTec business to its CME Globex platform. This follows...
FILS 2022: Could ESMA ban RFQs?
The future of the request for quote (RFQ) protocol was being challenged both on and off stage at the Fixed Income Leaders’ Summit in...
Symphony names Levy CEO
Capital market communication firm Symphony has announced that David Gurlé will step down on 31 May 2021 and has appointed Brad Levy, current president...
Foley joins Tradeweb in Dubai
Charlie Foley has joined Tradeweb as a director and emerging markets credit specialist, based in Dubai.
The Dubai office was opened last year in a...
BNP Paribas sees yearly boost in FI trading revenues
BNP Paribas was the success story in Q2 2025 fixed income trading, reporting €1.4 billion in revenues. Despite reporting a 16% decline in revenues...
APAC trading recovery is far from even
The recovery from last year’s market sell-off and the ongoing Covid-19 pandemic appears to have been marked in many regions, with volumes for both...
Investor demand: French no-confidence vote sharpens pressure on OAT-Bund spread
French Prime Minister François Bayrou’s call for a no confidence vote was scheduled for the 8 September late on Monday 25 August. Aiming to...
Bank of England warns of risks in fast fixed income markets
By TheDESK
Chris Salmon, executive director for markets at the Bank of England has warned that risk management techniques need to develop to handle the...
Cboe: Navigating Volatility
Navigating Volatility: The Rise of Cboe Credit Index Futures in a Transforming Bond Market
In an era defined by macroeconomic uncertainty and digital transformation, credit...
Citi Markets bets on Asia growth
Citi Markets expects to increase headcounts in its Asia rates and prime businesses over the next year as market activity booms, it says.
The company...
ECB expected to cut rates this month
A rate cut by the European Central Bank (ECB) is “fully expect” this September, according to DWS Group European economist Ulrike Kastens.
Kastens predicted a...
Mizuho issues green bond in continued sustainability drive
Mizuho Financial Group has issued a €500 million green bond, part of its core business theme of sustainability and innovation.
Funds raised by the issuance...
