MARKET NEWS
Lord Abbett invests in IMTC
IMTC has closed a US$12 million Series A funding round, with Lord Abbett joining its ranks of investors.
The round was led by fintech-focused venture...
Simpler bond liquidity assessments diverge on either side of the Channel
British and European authorities are actively aiming to simplify bond liquidity and transparency regimes, but divergent reporting deferral rules for rates and credit, as...
Justesen joins Muzinich
Jakob Justesen has joined Muzinich as a fixed income trader. He is based in London.
Privately owned investment firm Muzinich specialises in public and private...
FIM Partners appoints emerging market debt trader
FIM Partners has hired Nicholas Nellis as a portfolio manager and trader focused on emerging-market debt.
He joins the London and Dubai-based investment manager after...
UK bond CTP suspension lifted
Etrading Software can finally sign the UK bond consolidated tape provider contract, with Ediphy consenting to the High Court suspension being lifted.
CEO Chris Murphy...
New Issue IQ, Boltzbit partner on primary market automation
Bond issuance fintech New Issue IQ has partnered with AI firm Boltzbit to improve its processing operations, seeking to automate a traditionally manual area...
FEATURES
Credit futures see OI and ADV increase more than sevenfold YoY
The adoption of credit futures as a mainstream credit trading vehicle is broadening across venues and currencies: US$ 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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RISK & RETURN
FROM THE ARCHIVES
Coalition Greenwich sees US bond trading volumes falling in Q2
A report by market analysis form Coalition Greenwich, part of S&P Global, has found that after an active first quarter, corporate bond trading slowed...
Portfolio trading proves transformational, but controversial
The US market has been transformed by portfolio trading (PT) this year, with estimates that PT makes up somewhere between 25-40% of dealer-to-client (D2C)...
Asset managers ‘not investment firms’ under MiFID II?
By Flora McFarlane & Dan Barnes.
Several European investment managers have reportedly claimed that they will not be classified as investment firms under the revised...
William Dulude joins Clear Street, plus new management appointments
Clear Street, the prime broker and capital markets infrastructure provider has named William Dulude as chief product officer; Prerak Sanghvi as vice president of...
TS Imagine announces bookings up by 300% YoY for H1 2022
TS Imagine, the trading, portfolio, and risk management solutions provider, has reported significant growth during the first half of 2022 with sales bookings up...
UK bond tape tender confirmation pushed to midnight tonight
Confirmation of the UK’s bond consolidated tape provider has been delayed until midnight tonight, its second extension, indicating open questions around the award still...
Surprise at inaccurate US election poll predictions has increased volatility
With a victory for either side being far from clear in the US election, investment commentators have warned of sustained volatility across asset classes....
Citi names Tokiya Kishie head of markets in Japan
Citi has appointed Tokiya Kishie as head of markets in Japan, effective 1 October.
Kishie will report to Paul Smith, head of markets for Japan,...
Andrew Bresler to lead Saxo UK
Online trading and investment firm Saxo has appointed Andrew Bresler as CEO of its UK business, effective 3 June. He replaces interim CEO Simon...
Positive reception of FCA consolidated tape plans keeping pace with Europe
A consultation on plans for a consolidated tape of fixed income prices, announced by the UK’s Financial Conduct Authority (FCA), has drawn support from...
The impact of trading long-dated bonds
Faced with the prospect of climbing rates, some investors will be looking to switch out of lower coupon bonds to capture higher returns. However,...
CSDR warning for EM bond liquidity
The mandatory buy-in regime that will be introduced next year by Europe’s Central Securities Depositories Regulation (CSDR) could have negative consequences in the less-liquid...
