MARKET NEWS
Lord Abbett invests in IMTC
IMTC has closed a US$12 million Series A funding round, with Lord Abbett joining its ranks of investors.
The round was led by fintech-focused venture...
Simpler bond liquidity assessments diverge on either side of the Channel
British and European authorities are actively aiming to simplify bond liquidity and transparency regimes, but divergent reporting deferral rules for rates and credit, as...
Justesen joins Muzinich
Jakob Justesen has joined Muzinich as a fixed income trader. He is based in London.
Privately owned investment firm Muzinich specialises in public and private...
FIM Partners appoints emerging market debt trader
FIM Partners has hired Nicholas Nellis as a portfolio manager and trader focused on emerging-market debt.
He joins the London and Dubai-based investment manager after...
UK bond CTP suspension lifted
Etrading Software can finally sign the UK bond consolidated tape provider contract, with Ediphy consenting to the High Court suspension being lifted.
CEO Chris Murphy...
New Issue IQ, Boltzbit partner on primary market automation
Bond issuance fintech New Issue IQ has partnered with AI firm Boltzbit to improve its processing operations, seeking to automate a traditionally manual area...
FEATURES
Credit futures see OI and ADV increase more than sevenfold YoY
The adoption of credit futures as a mainstream credit trading vehicle is broadening across venues and currencies: US$ 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
Tim Kurpis named portfolio manager at AllianceBernstein
Tim Kurpis has been named senior vice president (SVP) and portfolio manager, credit at AllianceBernstein, thirteen years after joining the firm in the role...
FILS 2022: Volatility is rewriting the rules on high-touch, low touch trading
Pricing data from automated trading systems is inspiring less confidence during current volatility. This uncertainty stalking the market is shifting perceptions of high touch...
E-trading static in record month for US credit
Average daily notional volumes were up more than a quarter year-on-year (YoY) in US credit markets over April, reaching a record US$60 billion. A...
Why ICSD data could revitalise Europe’s pre-trade bond analytics
Two international securities depositaries (ICSDs), Euroclear and – as of last week – Clearstream, are rolling out access to data for trade settlements in...
Traders call time on outsized European market open hours
Buy- and sell-side traders have called for Europe to review its equity market open periods, which at eight and half hours is over 30%...
UPDATE: Fed to end supplementary leverage ratio, talks down tapering
The federal bank regulatory agencies today announced that the temporary change to the supplementary leverage ratio, or SLR, for depository institutions issued on 2020,...
Tradeweb sees a record Q1
Tradeweb has reported an average daily volume (ADV) US$897.8 billion for the first quarter of 2020, a quarterly record and an increase of 39%...
Falling costs of liquidity not halted by summer vol
The bid-ask spread for corporate bond markets has continued on a downward trajectory in September, after a bump in August, according to data from...
Mosaic Smart Data and Limeglass boost research analytics for banks
Analytics provider Mosaic Smart Data and Limeglass, the financial research specialist, have formed an alliance to help banks analyse research reports associated with client...
Rules & Ratings: KBRA makes two senior management appointments
Eric Neglia has been named global head of KBRA’s expanding funds ratings business, while Thomas Speller has been appointed global head of fund finance,...
Rules & Ratings: FTSE Russell launches Fixed Income TPI Index and TPI Focused Glidepath...
FTSE Russell has rolled out two new indices – the FTSE Fixed Income TPI Climate Transition Index Series and the FTSE Fixed Income TPI...
ICE: Muni Bonds – an interview with Ed Paulinski
In ICE’s series ‘The Munis Ecosystem’, ICE gathers experts from across the sector: issuers, portfolio managers, pricing & analytics, trading and climate experts, to...
