MARKET NEWS
SEC greenlights DTCC tokenisation initiative
The US Securities and Exchange Commission (SEC) has issued a no-action letter to the Depository Trust & Clearing Corporation (DTCC), allowing the company to...
Perkins joins Deutsche Bank
Sean Perkins has joined Deutsche Bank as director of high yield research. He is based in New York.
Perkins has more than 25 years of...
SocGen promotes Braham
Mohamed Braham has been promoted at Societe Generale CIB, being named as head of global markets, and APAC head of fixed income and currencies...
Tradeweb and MarketAxess beat TRACE growth in November
US electronic credit activity firmed in November. On FINRA’s TRACE tape, combined US investment-grade and high-yield average daily volume (ADV) rose to US$57.8 billion,...
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$1.95 billion in...
Jefferies increases credit focus with Hildene acquisition
Jefferies has acquired 50% interest in Hildene Holding Company, parent company of credit-focused Hildene Capital Management and its affiliates.
Hildene Capital Management holds more than...
FEATURES
Credit futures see OI and ADV increase more than sevenfold YoY
The adoption of credit futures as a mainstream credit trading vehicle is broadening across venues and currencies: US$ 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
Insights: US policy shift could reduce central bank cuts
Trump’s inward-oriented US policies will drive a rise in inflation, put upward pressure on interest rates and prevent central banks from making aggressive cuts,...
Making a credit desk simpler
Getting a clear picture of the complex corporate bond market means that at some point, a lot of information has to be brought together...
Bloomberg Terminal releases document search and analysis feature
Bloomberg is expanding the artificial intelligence capabilities of the Bloomberg Terminal with a document search and analysis solution.
The new service is expected to allow...
Vive la revolution!
Securing the benefits of the markets’ democratic revolution.
By Mike du Plessis, Managing Director, Global Head FX, Rates and Credit Execution Services and Mark Goodman,...
Intercontinental Exchange consolidates bond business under new broker-dealer
Intercontinental Exchange is consolidating its ICE BondPoint, TMC Bonds and ICE Credit Trade businesses under a single management team and banner, ICE Bonds, which...
Beer leaves Aberdeen for MFS
Russell Beer has joined MFS Investment Management as an emerging markets debt trader.
As of June 30 2025, MFS Investment held US$635.4 billion in assets...
The elasticity of the bond market as Citadel accelerates competition
Bond markets have proven highly resilient in 2025 whilst demonstrating a significant level of adaptation across different ways of trading.
Kicking off the US Fixed...
Ratings & Analysis: First Brands Group issuer ratings plunge
Autopart supplier First Brands Group has plummeted in credit agency ratings, declaring bankruptcy in the US.
Fitch dropped the company from B to CCC last...
CanDeal launches live pricing for Canadian corporate bonds
CanDeal has announced the launch of Corporate Matrix Pricing on its Evolution platform, providing intraday pricing for Canadian corporate bonds alongside integrated trading capabilities....
Hunstad and Roth take investment reins at NTAM
Northern Trust Asset Management (NTAM) has named Michael Hunstad and Christian Roth global co-chief investment officers, effective 1 June.
They replace Angelo Manioudakis, who has...
Broadridge using OpenFin for PM and trader workspace
Broadridge Financial is to use OpenFin’s operating system for financial desktops for its new digital workspace solution. The tool is designed to support asset...
Greenwich Associates: Buy side must break convention on fixed income EMS/OMS
A new report from analyst firm Greenwich Associates entitled, ‘The Fixed-Income Trading System Evolution’ makes a strong case for a new approach to developing...
