MARKET NEWS
Why humans give the best execution
Understanding best execution requires an understanding that both explicit and implicit costs can have a serious impact on investment goals, and these often reach...
Strategically automate and allocate to survive
There is a lot to be afraid of in the modern world. Geopolitical shocks, inflation and black swans abound, and the old ways do...
Quant funds assess the value of trading
There are huge variations in investment and trading activity across quantitative strategies, the Fixed Income Leaders Summit heard in Amsterdam on Wednesday, and the...
PMs says treat LLMs like interns while vendors build on it
At FILS Amsterdam, AIs and LLMs were in most panels but two different AI mindsets were on display: a subset of buyside portfolio managers...
Fund managers report more certainty in EM than in developed markets
The key takeaway from the first plenary session at the Fixed Income Leaders Summit in Amsterdam was clear; in 2026, uncertainty has become a...
Data and diversification key to solving liquidity woes
The market is fond of complaining about the lack of liquidity in markets. But panellists at this year’s FILS Europe argued that there is...
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
Impact of ICBC hack on trading US Treasuries
Buy-side traders reported limited impacted from the ransomware hack on Industrial and Commercial Bank of China that occurred on Wednesday in US trading hours,...
Broadridge’s DLT repo platform volumes boom
Volumes on Broadridge’s Distributed Ledger Repo (DLR) platform jumped from US$1 trillion to US$5.9 trillion between August 2024 and 2025, a 490% year-on-year increase.
DLR...
Transficc partners with Quinsol for their pricing engine
Quinsol Software, a startup innovator in fixed-income trading solutions, has announced a strategic partnership with TransFICC.
This collaboration aims to integrate Quinsol's Bond Price Hub...
FICC marks new GSD daily activity record of US$9.2 trillion
The Government Securities Division (GSD) of the Depository Trust & Clearing Corporation’s (DTCC) Fixed Income Clearing Corporation (FICC) cleared US$9.2 trillion in daily activity...
Fixed Income TCA, who would have thought it?
Paul Reynolds, Head of FI Sales and Strategy at TradingScreen
For many years Fixed Income TCA has failed to adequately provide its users with a...
Technology : Trader engagement : Dan Barnes
Helping traders to think like engineers
The gap between the technology a trading team wants and the technology it gets is often wide; helping them...
The DESK’s Trading Intentions Survey 2020 : Bloomberg
Bloomberg has a strong position as data provider, interface into the market and a trading venue.
The ubiquitous terminal allows it to build new services...
Subscriber
Yven Scholz promoted at Allianz Global Investors
Yven Scholz has been named head of electronic trading & services at Allianz Global Investors. Prior to his promotion, Scholz was a multi-asset derivatives...
Quarterly European fixed income market analysis
Leveraging Trax’s vast market data set, the Trax Facts quarterly review provides a detailed analysis of activity across fixed income markets, including: Corporates, Agencies,...
IHS Markit claims Liquidnet clients see transaction cost savings of 87%
By Shobha Prabhu-Naik.
Information provider IHS Markit claims that buy-side firms trading all-to-all receive 87% transaction cost savings, by trading on Liquidnet Fixed Income.
IHS Markit...
SMBC joins DirectBooks
DirectBooks, the capital markets consortium founded to make bond issuance more efficient, has seen SMBC Nikko Securities America, a member of SMBC Group, join...
MarketAxess: Changing liquidity conditions will impact the need for data
Data demands change as liquidity ebbs and flows, creating risks for buy-side traders as they seek to use more data to support their activity...
