MARKET NEWS
Cboe’s credit futures activity and OI leapfrogs CME and Eurex in November
In November, Cboe’s US dollar iBoxx iShares credit futures set new records with US$455 million in average daily volume (ADV) and US$1.95 billion in...
Jefferies increases credit focus with Hildene acquisition
Jefferies has acquired 50% interest in Hildene Holding Company, parent company of credit-focused Hildene Capital Management and its affiliates.
Hildene Capital Management holds more than...
Lord Abbett invests in IMTC
IMTC has closed a US$12 million Series A funding round, with Lord Abbett joining its ranks of investors.
The round was led by fintech-focused venture...
Simpler bond liquidity assessments diverge on either side of the Channel
British and European authorities are actively aiming to simplify bond liquidity and transparency regimes, but divergent reporting deferral rules for rates and credit, as...
Justesen joins Muzinich
Jakob Justesen has joined Muzinich as a fixed income trader. He is based in London.
Privately owned investment firm Muzinich specialises in public and private...
FIM Partners appoints emerging market debt trader
FIM Partners has hired Nicholas Nellis as a portfolio manager and trader focused on emerging-market debt.
He joins the London and Dubai-based investment manager after...
FEATURES
Credit futures see OI and ADV increase more than sevenfold YoY
The adoption of credit futures as a mainstream credit trading vehicle is broadening across venues and currencies: US$ 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
Exclusive: David Nicol leaves LedgerEdge; Rutter steps forward in interim
David Nicol, co-founder of LedgerEdge, a distributed ledger-based fixed income trading venue, has left his position as CEO. Ian Chicken, chief operating officer at...
Jefferies’ bond desks have an outstanding start to 2023
Investment banking firm Jefferies saw fixed income trading revenues jump 62% to US$590 million for the six months to May 2023, from US$364 million....
BLOOMBERG: Supporting diversity and inclusion in trading
The firms who are part of this Bloomberg initiative discuss how it is benefitting investors and scoring goals in the governance space.
The DESK spoke...
ESMA consults on MiFIR trading obligation for derivatives
By Sobia Hamid.
The European Securities and Markets Authority (ESMA) has published today a consultation paper regarding its draft technical standards specifying the trading obligation for derivatives under...
MiFIR: Controversy around consolidated tape proposal for revenue sharing with venues
The Czechia presidency of the Council of the European Union proposed amending the Markets in Financial Instrument Regulation (MiFIR) on 16 December 2022, with...
Treasuries crunch: Sponging up Treasury liquidity
A considerable increase in trade failures, combined with falling volume and buy-and-hold strategies is creating a shallow market in US treasuries, making the October...
Bloomberg expands IBVAL front office pricing solution
Bloomberg has expanded its pricing solution, Intraday BVAL (IBVAL) Front Office, to cover EUR and GBP investment grade and high yield credit bonds included...
Neptune announces new CEO, with strong buy-side support
Neptune Networks, the fixed income pre-trade market utility, has appointed John ‘Coach’ Robinson as permanent chief executive officer (CEO). Robinson commenced in the role...
Industry viewpoint : Mark Russell : Tradeweb
A new era of intelligent execution
By Mark Russell, Head of Credit, Europe, Tradeweb
Electronic trading has earned its place as an indispensable part of fixed income...
US credit trading reached record highs pre-tariffs
The corporate bond market was already at record levels before the US tariffs came into force, FINRA data shows.
US credit trading volumes reached record...
Camille McKelvey: Time to turn things on their heads
Shanny Basar spoke to Camille McKelvey, Head of Post Trade STP Business Development at MarketAxess, about languages, diversity in the workplace and career paths.
She...
Me The Money Show – Episode Two
Terry Flanagan, editor of Markets Media, highlights previous winners of the Markets Choice Awards and gives tips on nominations for this year, with Dan...
