Trending Now
MARKET NEWS
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...
Scott swaps JP Morgan for Bloomberg
Ryan Scott has joined Bloomberg’s rates electronic sales team. He is based in New York.
Last year, the firm released a report suggesting that automated...
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
SEC fines MIMBT $79.8m for overvaluing 4,900 CMOs
Investment adviser Macquarie Investment Management Business Trust (MIMBT) has been fined US$79.8 million for overvaluing around 4,900 largely illiquid collateralised mortgage obligations (CMOs).
The US...
Veiner and Vara named co-heads of global trading at BlackRock
BlackRock has promoted Dan Veiner and Jatin Vara to co-heads of global trading, replacing Supurna VedBrat, who will leave the firm.
“The actions we announced...
Lacklustre trading at Barclays and HSBC in Q4 2024
Barclays and HSBC both saw relatively subdued fixed income, currencies, and commodities (FICC) trading results in Q4 2024 compared to peers like BNP Paribas.
Barclays...
IMTC picks up another SMA services client
US broker-dealer and wealth manager Amerant Investments has adopted IMTC’s systems as it plans to scale its separately managed accounts (SMA) provisions.
Amerant Investments reported...
Missing liquidity – Zen and the art of liquidity maintenance
Regulators cannot find the liquidity problem that traders see daily, threatening to set rules for game ‘A’, when game ‘B’ is played out in the markets. Chris...
The Agency Broker Hub: An Italian story
The Italian Treasury has implemented a flexible and diversified funding policy to manage the amount of Italian public debt. Here Laura Maridati, Digital Markets...
US president to oversee financial institution regulation amid deregulation drive
New executive orders signed by US president, Donald Trump, have given him oversight of all US financial regulation, outside of monetary policy, while also...
Demotivated dealers
By Flora McFarlane.
Sell-side bond trading is losing its lustre for traders, according to Greenwich Associates research. Increasing automation and regulatory changes may be the...
NBIM names global co-heads of fixed income trading
Norges Bank Investment Management (NBIM) has appointed Pauli Mortenson and John Sullivan as global co-heads of fixed income trading, following the promotion of Malin...
Lifetime Achievement Winner: Pimco’s Geraldine Sundstrom
The importance of agility in a changing world.
Geraldine Sundstrom is a managing director and portfolio manager at PIMCO and in 2022 won the Lifetime Achievement Award at...
MeTheMoneyShow – Episode 22
Dan Barnes speaks with Lynn Strongin Dodds about some old chestnuts - a consolidated tape for European equities, and the implications of Brexit for...
E-trading static but competition rises in US rates
Although US rates trading volumes were up 20% year-on-year, the proportion of that volume e-traded remained static. “We don’t expect this metric to move...
