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MARKET NEWS
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...
CME Group outage boosts FMX’s case, BofA says
CME Group’s market outages were resolved at 8:20 CT on 28 November, after a less-than-restful Thanksgiving for the organisation. But while it’s back to...
Collins leaves Trumid for MarketAxess
Gav Collins has swapped Trumid for MarketAxess, being named head of the transformation office.
Based in London, Collins will work on the firm’s long-term strategic...
BNP Paribas loses Puget to BlueCrest
Francois Puget has joined fixed income macro trading firm BlueCrest Capital Management as a senior portfolio manager after almost 30 years with BNP Paribas.
Based...
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
Tommy Dawson promoted at BlackRock
Tommy Dawson has been promoted to credit trader associate at BlackRock.
Based in London, Dawson has been a credit trader analyst at the firm since...
Repurchase disagreements
A calamitous year-end in 2016 has put the broken repo market firmly in the spotlight. Lynn Strongin Dodds reports.
December 2016 saw Europe’s repurchase agreement...
Emerging markets trading costs threaten to rise
Emerging market bond traders will see trading costs rising as volumes begin to decline. According to MarketAxess data from its CP+ pricing tool and...
Coalition Greenwich: Return on investment now viable for fixed income EMS
Dated fixed income markets are set to undergo a rapid technological transformation. But it is from a low bar, with fixed income 10 to...
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Balls calls for UK to adopt a more risk-assertive culture
Ed Balls, former economic secretary to the UK Treasury & shadow chancellor, has called for the UK to adopt a risk-positive culture in order...
RBC Capital Markets launches Aiden Arrival algorithm
RBC Capital Markets has launched Aiden Arrival, the second algorithm on the firm’s artificial intelligence (AI) -based electronic trading platform. Aiden Arrival follows the Aiden...
The US: Too big to Fitch?
Ratings agency Fitch has downgraded the United States’ long-term credit ratings to AA+ from AAA and removed the rating ‘Watch Negative’ stating “ reflects...
MarketAxess brings mid-point matching protocol to US credit
MarketAxess has launched its anonymous mid-point matching session protocol, Mid-X, in US credit.
Mid-X uses CP+, MarketAxess’s real-time predictive pricing engine for its global credit...
Virtu, InvestorLink partner to enhance retail broker primary market access
Virtu Financial and InvestorLink have partnered to offer underwriters access to Virtu’s network of retail broker-dealers and enhance access to secondary market liquidity.
InvestorLink will...
Treasuries reform and the buy-side trading desk
Growing automation and market relationships will mean regulatory change is only part of the story. Dan Barnes investigates.
Plans to make the US$543 billion-a-day US...
Mystery surrounds APA failure in European bond markets
European bond market participants are keen to know which post-trade data reporter, known as an approved publication arrangement (APA), has ‘data quality issues’ resulting...
Beyond Liquidity: Regulators warn on alternative Libor rates
Libor, the benchmark interest rate that was embedded in hundreds of trillions of dollars of financial contracts around the world, ceased publication at the...
