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
Will liquidity shifts bend or break US Treasuries?
Disclosed trading and internalisation are increasing as liquidity is wrung out of dealers and electronic market-makers. Chris Hall reports.
As January’s storms ripped holes in...
Buy-side desks find favour in credit futures
The expansion of Eurex’s credit futures offering into dollar and multicurrency products promises broader and deeper opportunities for investors.
A keen buy-side appetite for credit...
The DESK’s Trading Intentions Survey 2020 : Liquidnet
LIQUIDNET.
Liquidnet’s strength as a block-trading platform in the equity market may have paved its way for buy-side adoption in bonds, but it has certainly...
Subscriber
The Agency Broker Hub: How agency brokers are shedding their skin
By Umberto Menconi, head of Digital Markets Structures, Market Hub, Intesa Sanpaolo Group*
The agency broker has always played one of the principal roles on the...
The good news on high yield trading
Two weeks ago we noted that high yield markets have seen trade sizes increase since the start of the year, running counter to the...
Exclusive: Patrice Guesnet and James Frew to run fixed income trading at Pictet AM
Patrice Guesnet and James Frew are reported to have been named global co-heads of fixed income trading at Pictet Asset Management. They have taken...
Project Amber: Dealer consortium developing new bond trading venue
A consortium of sell-side firms is developing a trading platform in the fixed income space, which could rival existing venues including Bloomberg, MarketAxess and...
Transaction data missing from reports, FINBOURNE finds
Data quality is in need of a spruce-up before a bond consolidated tape is brought into play, according to a recent report from FINBOURNE....
New ECB harmonisation rules push for capital markets union
The European Central Bank (ECB) has published harmonised rules and arrangements for the mobilisation and management of collateral in Eurosystem credit operations in its...
Aquis selected for Central Bank of Colombia government bond market
Banco de la República, the Central Bank of Colombia, has selected Aquis Exchange to provide technology and support services for Sistema Electrónico de Negociación...
FCA promotes retail access to corporate bonds
The FCA has acted on unifying the disclosure standard and removed follow-on listing hurdles to promote smaller, retail-friendly bond issuances.
Without clearer definitions and smaller...
Stock Connect block trading to ‘catalyse’ trading activity, ASIFMA says
The Asia Securities Industry & Financial Markets Association has welcomed news that the China Securities Regulatory Commission (CSRC) and the Securities and Futures Commission...
