MARKET NEWS
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$12 million Series A funding round, with Lord Abbett joining its ranks of investors.
The round was led by fintech-focused venture...
Simpler bond liquidity assessments diverge on either side of the Channel
British and European authorities are actively aiming to simplify bond liquidity and transparency regimes, but divergent reporting deferral rules for rates and credit, as...
Justesen joins Muzinich
Jakob Justesen has joined Muzinich as a fixed income trader. He is based in London.
Privately owned investment firm Muzinich specialises in public and private...
FIM Partners appoints emerging market debt trader
FIM Partners has hired Nicholas Nellis as a portfolio manager and trader focused on emerging-market debt.
He joins the London and Dubai-based investment manager after...
UK bond CTP suspension lifted
Etrading Software can finally sign the UK bond consolidated tape provider contract, with Ediphy consenting to the High Court suspension being lifted.
CEO Chris Murphy...
FEATURES
Credit futures see OI and ADV increase more than sevenfold YoY
The adoption of credit futures as a mainstream credit trading vehicle is broadening across venues and currencies: US$ 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
QE: A rush for the exit
Fixed income portfolios need to be reassessed in preparation for the end of asset purchasing programmes. Dan Barnes reports.
Quantitative easing has wound up an...
FCA consultation lays ground for ending bond SI regime
The FCA’s consultation CP25/20 proposes scrapping the systematic internaliser (SI) regime for bonds, derivatives, structured-finance products and emission allowances to align with the transparency...
Coalition Greenwich: US Treasury e-trading volumes hit record in February
US Treasury volumes saw an average daily notional value (ADNV) of US$918 billion in February 2024, Coalition Greenwich’s March Data Spotlight has reported, up...
Post-pandemic corporate bond surge continues among retailers
Corporate debt issuance is expected to ramp up this week as more companies emerge from earnings blackout periods, according to research by analytics provider...
Jaclyn Coffman joins Susquehanna
Jaclyn Coffman has joined the investment grade (IG) credit sales team at Susquehanna International Group. She is based in New York.
Coffman has more than...
No Danish Compromise for BNP Paribas
BNP Paribas has finalised its acquisition of AXA Investment Managers (AXA IM) and clarified its leadership structure going forward.
The firm has not been able...
Investortools expands pricing capabilities with ficc.ai integration
The Investortools Dealer Network is set to expand its pricing capabilities by integrating ficc.ai’s live municipal pricing data.
By connecting to ficc.ai, clients will be...
Exclusive: Nichola Hunter to lead Liquidnet’s fixed income sales
Block-trading and agency execution specialist, Liquidnet, has appointed Nichola Hunter as global head of sales for fixed income.
Hunter will be responsible for growing client...
Market disruption spreads beyond Ukraine and Russia
Traders are reported that liquidity across developed and emerging markets is being hit, with trades taking far longer to complete and price formation suffering...
Dan Burke joins MarketAxess
MarketAxess Holdings has appointed Dan Burke as global head of emerging markets. He reports to Raj Paranandi, chief operating officer for EMEA and APAC....
Harvie moves to Nomura
James Harvie has joined Nomura’s FX emerging markets business.
In the New York-based role, Harvie covers client-oriented risk solutions across foreign exchange, local markets, structured...
Competition in credit futures heating up with ICE/MarketAxess/MSCI launch
Intercontinental Exchange's (ICE) has launched four new corporate bond index futures, designed to answer institutional investors' appetite for credit futures.
The product launch comes after...
