MARKET NEWS
Bidding for nothing – what do you get for 68p?
Court documents filed by Ediphy Analytics explain that it planned to offer consolidated bond tapes for free – before it was knocked out of...
Ediphy slams FCA for CTP auction chaos
Ediphy Analytics alleges that the Financial Conduct Authority has breached its own rules in selecting Etrading Software as the UK bond consolidated tape provider.
"The...
IOSCO sets pre-hedging guard rails, amid calls for ban
The International Organisation of Securities Commissions (IOSCO), has published its final report on pre-hedging, amid call for the practice to be banned, and allegations...
Yield Book data made available through Finbourne’s LUSID
LSEG’s Yield Book fixed income data and analytics will be available in Finbourne Technology’s Liberated Unified Secure Investment Data-machine (LUSID) data management platform from...
MarketAxess launches FI opening and closing auctions
MarketAxess is launching opening and closing auctions for US credit “in the coming weeks”.
Opening and closing auctions have long been available in equity and...
Chainlink collaborates with Tradeweb, UBS
Chainlink is capitalising on the industry’s growing demand for tokenisation and on-chain operations, announcing a data partnership with Tradeweb and completing the first live...
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
US agencies report on US Treasury market changes; market making still out of scope
A new report entitled, ‘Enhancing the resilience of the US Treasury Market’, has outlined the steps taken by US authorities to support what it...
ESMA: markets remain ‘very sensitive’
The European Securities and Markets Authority (ESMA) has said markets remain “very sensitive”, despite lower volatility earlier this year.
Markets remain sensitive to interest rate...
MTS and Wematch.live launch risk netting service for interest rate swaps on Euronext
European electronic fixed income platform MTS and fintech Wematch.live have successfully trialled the first session of the risk netting Service for interest rate swaps...
Turkey’s Fibabanka raises US$150m AT1 capital
Turkey’s Fibabanka has completed a US$150 million AT1 issuance, led by Citibank, Standard Chartered Bank as joint global coordinators and bookrunners and Emirates NBD...
FILS 2024: Opportunities in EM – but some dispute over diversification
Despite growing concern over military conflicts, emerging markets, being a broad swathe of geographies offer a range of potential investment opportunities, if you know...
FILS 2021: Buy-side needs to make more noise for the right data
Data providers and regulators concur that the buy-side needs to communicate more clearly with politicians and suppliers if they are to get baseline bond...
Swinburne: Traders should beware of radical change in Europe
Brexit will mean that politics will take precedent over principal, when setting policy in Europe, warned Kay Swinburne MEP, speaking at the Fixed Income...
November gives Tradeweb its second highest month’s ADV ever
Market operator Tradeweb has reported today total trading volume for November of US$18.7 trillion across its electronic marketplaces for rates, credit, equities and money...
MeTheMoneyShow – Episode Eight
Shanny Basar and Dan Barnes discuss the latest outsourcing trends in the trading and post-trade space, particularly the aggregation of trading desks within larger...
Me the Money Show – Automating bond trading & COVID 19
https://vimeo.com/454153688
In this week's show, Terry Flanagan, editor of Markets Media, talks to Dan Barnes about the ongoing automation of bond trading and the challenges...
Asset managers could avoid tying up collateral under new uncleared margin rules
The majority of asset managers dragged into new uncleared margin requirements over the next two years could avoid tying up capital altogether, but still...
Office of Financial Research: Treasury basis trades could pose systemic risk
A new paper from the Office of Financial Research (OFR) has cast doubt on the idea that basis trades increased the lack of liquidity...
