MARKET NEWS
Scottish ‘vanity’ issuance project puts investors at risk from independence
The Scottish Government has confirmed plans to enter the bond market and issue £1.5bn of debt in 2026-2027.
Ben Ashby, chief investment officer at...
Milei’s victory saw Argentinian debt traders reach for rapid risk transfer
In late October 2025, Argentine President Javier Milei’s party, La Libertad Avanza, scored a decisive win, in the country’s midterm elections, a political triumph...
October credit futures’ activity cools after September busy roll month
In October trading volumes of credit futures at Eurex, Cboe global markets and CME cooled after the September roll month, but open interest continued...
Scotland rated AA/Aa3 ahead of debut ‘kilt’ bonds
Scotland has received its first standalone credit ratings from Moody’s and S&P Global, with both agencies placing the Scottish Government on the same high...
T. Rowe Price deploys Genesis’ primary bond custom tool
T. Rowe Price has gone live with Genesis global’s primary bond issuance (PBI) tool. It aims to standardise how its fixed income teams manage...
BoE issues stablecoin regulation proposals
The Bank of England has issued a proposed regulatory regime for sterling-denominated systemic stablecoins, revising two elements of policy proposed in a 2023 discussion...
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...
Subscriber
Credit Spotlight
RISK & RETURN
FROM THE ARCHIVES
FCA demands action on dealer liquidity risk management ‘not fit for environment’
The UK’s Financial Conduct Authority (FCA) has warned wholesale brokers of heightened liquidity risk in a letter to chief executives in the sector from...
BondAuction breaks into liability management
BondAuction has expanded its platform capabilities to cover liability management.
“If an issuer would like to buy back its bonds, it can announce that to...
Fenics Market Data appoints Jonathan Syrén as head of new product development
Fenics Market Data has named Jonathan Syrén as head of new product development, based in London.
Syrén moves from Parameta Solutions, which he joined in...
This Week from Trader TV: Stuart Lawrence, UBS Asset Management
UBS AM: Markets brace for the tariff volatility, and concerns develop over “irrational optimism”
While markets have been trading at all-time highs, Stuart Lawrence, head...
The European Women in Finance Awards Shortlist for 2022
Markets Media Europe has now released the shortlist for the European Women in Finance Awards 2022.
Since launching the awards in 2020 when Best Execution...
Jon Kroeper, EVP, quality of markets to leave FINRA
Jon Kroeper, executive vice president, quality of markets, is leaving the Financial Industry Regulatory Authority (FINRA).
Kroeper joined FINRA in 2007 and has been responsible...
TransFICC: The Network is the Market – Improving access and automation in fixed income
By Steve Toland, co-founder TransFICC.
Remember Sun Microsystems’ tag line from 1984? “The Network is the Computer” – meaning computers should be networked, or they...
Primary markets: Give me some credit: Outlook for bond issuance in 2023
New issues provide liquidity and price points for bond traders; we assess the prospects for the year ahead.
As the cost of borrowing continues to...
LSEG selling MTS and Borsa Italiana for €4.325 billion to Euronext
London Stock Exchange Group (LSEG) has sold Borsa Italiana to Euronext for €4.325 billion, including bond trading marketplace MTS, which was a condition of...
Automation in the life-cycle of a trade
By Oliver Clark, Head of Product Development, MTS.
The role of the fixed income trader is radically and rapidly transforming. As more workflow shifts onto...
FILS USA: Make sure you know which side you are on in US Treasuries
New US Treasury market regulations still have validity, ten years after the market’s infamous ‘flash jump’, as its need for resilience reflects multiple challenges...
Samantha Cooper named head of fixed income portfolio management at AllianceBernstein
Samantha Cooper has started a new position as head of the fixed income portfolio management group at AllianceBernstein.
Cooper, who has been with the firm...
