MARKET NEWS
SocGen issues digital US bond
Societe Generale has issued its first digital bond in the US, using Broadridge’s issuance, trading and management tokenisation services.
The bonds were registered by SocGen’s...
FCA to submit bond tape legal defence this week
The Financial Conduct Authority (FCA) has asked the High Court to lift its suspension on the bond consolidated tape contract award, and intends to submit its defence to Ediphy’s legal challenge by the end...
Bloomberg boosts Australian bond pricing
Bloomberg has expanded its Australian bond pricing services as the market continues to grow.
Australia is the third largest global securitised products market outside of...
Ahmed leaves Goldman for Balyasny
Wajih Ahmed has swapped Goldman Sachs for Balyasny Asset Management, joining the firm as a macro portfolio manager after more than a decade with...
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,...
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
‘Equitisation’ of bond market on its way
Bond markets are following the same pattern as equity markets did in the 1990s, according to Coalition Greenwich’s Kevin McPartland, becoming more electronic trading-driven.
The...
SoCal insurance firm suffers credit outlook relegation
January’s California wildfires have hit insurance companies hard, with AM Best relegating multiple-line insurance organisation Mercury General Corporation and its subsidiaries to a negative...
Insights & Analysis: Risk appetite rises as market stability risks fall, BofA says
An increasing number of investors are taking higher risks relative to their benchmarks, according to Bank of America’s February Global Fund Manager Survey.
The net...
Aladdin users access Tradeweb’s AllTrade for US and European Credit
Multi-asset market operator, Tradeweb Markets, has entered the next phase of its previously announced platform integration with BlackRock’s Aladdin order execution management system (OEMS)....
Dan Toomey poached by Millennium
Dan Toomey has been named senior trader at Millennium, moving from his previous roll as a portfolio manager at Verition Fund Management, a position...
TS Imagine reports growth in volumes and user base for fixed income
TS Imagine, the cross-asset provider of trading, portfolio, and risk management systems reports it has seen average notional volume increase sevenfold in its TradeSmart...
The DESK’s Trading Intentions Survey 2020 : Trumid
TRUMID
Trumid has experienced astounding growth over the past year, with average daily trading volume in January up 325% over January 2019, reaching US$761m, which...
Subscriber
European Market Choice Awards: Bridging the gap
Reaching across buy- and sell-side has won popular support for TS Imagine in connecting front offices.
TS Imagine has won the votes of traders on...
April Day leads AFME capital markets
AFME has named April Day as head of capital markets.
Based in London, she replaces Rick Watson, who announced his retirement in July 2024.
Day has...
When not to use portfolio trading
Portfolio trading cannot please all of the people all of the time.
The success of portfolio trading (PT) as a protocol has taken bond markets...
Coalition Greenwich: 0% impact of ESG on bond trade execution – but is there...
According to new research from Coalition Greenwich, 0% of US-based buy-side bond traders report that environmental, social and governance (ESG) impacted their choice of...
Market volatility and automated trading decision-making
Gain greater confidence in your automated trading decisions during market volatility
By Charlie Campbell-Johnston, Managing Director, AiEX & Workflow Solutions at Tradeweb.
In times of volatility, traders...
