MARKET NEWS
MarketAxess EM volumes top US$1tn YTD
MarketAxess has reported more than US$1 trillion in emerging markets (EM) trading volumes year-to-date.
Average daily volumes reached approximately US$5 billion between January and November,...
DTCC to tokenise US Treasury securities in H1 2026
Depository Trust & Clearing Corporation (DTCC)-custodied securities will be tokenised on the Canton Network next year.
The Securities and Exchange Commission (SEC) issued a no-action...
Bond market axes struggle in electronified markets, ICMA finds
ICMA and the FIX Trading Community have issued a white paper examining issues with market axes in an increasingly electronic bond market, warning that...
Kepler Cheuvreux boosts credit sales team
Kepler Cheuvreux has appointed Maria Giulia Catania and Tommaso Manzone to its credit sales team, based in London.
The duo will focus on EMEA clients,...
Nunn joins syndicated loan data provider Versana
George Nunn has been named chief operating officer at syndicated loan market data provider Versana.
He replaces Bruce Manson, founding COO of the company, and...
US credit volumes jump YoY
US corporate bond trading is expecting to reach record levels in 2025, according to a recent Coalition Greenwich report.
In November, average daily trade sizes...
FEATURES
Credit futures see OI and ADV increase more than sevenfold YoY
The adoption of credit futures as a mainstream credit trading vehicle is broadening across venues and currencies: US$ 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
SPECIAL REPORT - JAPAN
Credit Spotlight
RISK & RETURN
FROM THE ARCHIVES
Are European exchanges allowed to rival size of US markets?
The European Commission (EC) has opened an in-depth investigation into the proposed acquisition of Refinitiv by the London Stock Exchange Group (LSEG) under the...
AxeTrading and Mosaic Smart Data collaborate on bond market analytics
AxeTrading, the fixed income trading software provider, and Mosaic Smart Data, the real-time capital markets data analytics company, are integrating the AxeTrader execution management...
Lynn Challenger: Riding out historical volatility
UBS AM’s trading team is designed to engage by choice, not necessity, allowing it to move in heavily directional markets for the advantage of...
Implication of US bank downgrades on credit markets
Markets are truly feeling the economic pressures at present, with Moody’s downgrade to US financials on Monday following Fitch’s controversial downgrade of the US,...
John Orrock joins Cowen fixed income outsourced trading
Cowen has expanded its fixed income outsourced trading team with the appointment of John Orrock as managing director. He will be based in the...
Gabriela Herculano – Climate champion
Gabriela Herculano, Chief Executive Officer and Co-Founder at iClima Earth, talks to Shanny Basar about greenhouse emissions, greenwashing and goals.
When Gabriela Herculano, Chief Executive Officer...
Norges Bank adopts Bloomberg E-Bond for government securities
Norges Bank, the central bank of Norway, has adopted Bloomberg E-Bond as the trading platform for its inter-dealer market in Norwegian government bonds and...
Cboe Global Markets: Newer, more diverse liquidity in EM markets
A new set of emerging market credit futures is expanding the range of trading and investment support for specialist and multi-asset EM investors.
Nick Godec...
RBC joins ICE Clear Credit as clearing member
The Royal Bank of Canada (RBC) has joined Intercontinental Exchange’s (ICE) credit default swaps clearinghouse, ICE Clear Credit, as a clearing member.
Following its membership,...
Orderly sell-off despite Bund bid-ask spread blow out
Borrowing costs for the German government spiked after an announcement of increased expenditure for its military, triggering a sell-off in German government bonds (bunds)...
Acuiti and Eventus report: Complexity of trade surveillance shows ‘significant’ increase
Analyst firm Acuiti’s latest report, ‘Getting to the risk quicker: How trade surveillance leaders are dealing with an increasingly complex environment’ has found that...
FILS USA 2022: Will Europe become more transparent than the US?
European including of government bonds within its consolidated tape, and a new joint venture amongst platform giants Bloomberg, MarketAxess and Tradeweb, could allow Europe...
