MARKET NEWS
FILS EU 2025: Traders need to take control of their future
While the European and UK consolidated tape fiascos are dominating gossip around the Fixed income Leaders Summit in Amsterdam, other big themes are clearly...
European credit trades size up 15% year on year Q3
European credit trades keep getting larger. The notional blended trade size for Investment grade and high yield European credit was €786k in September 2025...
FIX and ICMA collaborate on axe quality improvement initiative
The FIX Fixed Income Axe Standards Working Group is leading an initiative to improve the quality of axes in bond trading, in partnership with...
Chun leads Tradeweb in Asia
Rich Chun has joined Tradeweb as head of Asia.
Based in Hong Kong, Chun reports to co-heads of global markets Enrico Bruni and Troy Dixon....
Market awaits CT news amid cross-Channel delays
Market participants have been asking for a bond consolidated tape for years; and they’re going to have to wait a little longer than planned,...
‘Alternative’ rating agencies’ early Greece upgrades led Moodys and S&P
Greek spreads over German debt have tightened from 270 basis points to 70 basis points since mid 2022. Non-traditional rating agencies like Scope ratings...
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
Cash is king: investors seek refuge in USD
Institutional investors are clamouring for cash as they exercise caution around equities and fixed income over wider macroeconomic uncertainties, according to State Street Holdings...
Dealers grow FICC revenues 15% in first quarter of 2021
Sell-side fixed income, currency and commodities (FICC) revenues saw growth of 15% in the first quarter of 2021, according to new research by analyst...
Pumped up projections: The Arizona gym muni fraud
The SEC has filed charges against three Arizonian individuals, alleging they defrauded investors by falsifying revenue documents for a US$284 million municipal bond issuance...
Sourcing and onboarding clean data remains major buyside challenge
Sourcing data that is cleaned, validated and ready to use from vendors remains a challenge for nearly 70% of fund managers in a new...
Analysis: Credit belongs to…
In 2021, electronic credit trading has seen a close fought race between two giants, MarketAxess and Tradeweb. While both have slightly different profiles, through...
Key trends in OTC derivatives markets
ISDA:
ISDA: Key Trends in the Size and Composition of OTC Derivatives Markets in the Second Half of 2023
Dagmar Kamber Borens takes on new role at State Street
State Street has appointed Dagmar Kamber Borens as head of global markets for continental Europe at State Street Bank International.
Based in Zurich, she reports...
Bloomberg onboarded over 100 buy-side firms remotely during the pandemic
Bloomberg has reported that more than 100 clients globally implemented its buy-side solutions over the past year, between March 2020 and 2021. During the...
Direct streaming on credit trading platforms
Sell-side bond trading counterparties price trades according to their clients’ profiles, based on tiering systems. That model directs the pricing of risk according to...
Roberto Hoornweg joins MarketAxess board
MarketAxess has appointed Roberto Hoornweg to its board of directors, effective 1 March.
On his election, Hoornweg said: “I look forward to helping the firm...
Central clearing for bonds?
The lack of dealer liquidity provision during the March 2020 sell-off has triggered several proposals for market structure reform, not least in the US...
This Week from Trader TV: Mabrouk Chetouane, Natixis Investment Managers
Natixis IM: Growing concerns over stubborn inflation, Fed leadership, and the threat of currency wars
While US and European markets have largely recovered from the...
