MARKET NEWS
BoE issues stablecoin regulation proposals
The Bank of England has issued a proposed regulatory regime for sterling-denominated systemic stablecoins, revising two elements of policy proposed in a 2023 discussion...
Scott swaps JP Morgan for Bloomberg
Ryan Scott has joined Bloomberg’s rates electronic sales team. He is based in New York.
Last year, the firm released a report suggesting that automated...
Fenwick joins HSBC
David Fenwick has joined HSBC as an investment grade credit sales trader, swapping the buy side for the sell side.
HSBC reported US$6.7 billion in...
MarketAxess outperforms competition in October through slower month
US electronic credit trading slowed down in October. FINRA’s TRACE tape recorded combined US investment-grade (IG) and high-yield (HY) average daily volume (ADV) at...
Bidding for nothing – what do you get for 68p?
Court documents filed by Ediphy Analytics explain that it planned to offer consolidated bond tapes for free – before it was knocked out of...
Ediphy slams FCA for CTP auction chaos
Ediphy Analytics alleges that the Financial Conduct Authority has breached its own rules in selecting Etrading Software as the UK bond consolidated tape provider.
"The...
FEATURES
Credit futures see OI and ADV increase more than sevenfold YoY
The adoption of credit futures as a mainstream credit trading vehicle is broadening across venues and currencies: US$ 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...
Subscriber
Credit Spotlight
RISK & RETURN
FROM THE ARCHIVES
Knowing the lifetime cost of a derivatives trade
A partnership between Cassini Systems and IHS Markit is enabling investment firms to build a deeper understanding of their derivatives trading costs into pre-trade...
IMTC picks up another SMA services client
US broker-dealer and wealth manager Amerant Investments has adopted IMTC’s systems as it plans to scale its separately managed accounts (SMA) provisions.
Amerant Investments reported...
FILS USA: How ETFs drive adoption of new trading protocols
The critical role that portfolio trading plays in concentrated risk was laid bare in a discussion between Sanjay Jhamna, global head of credit trading...
The hidden liquidity in IBHY and IBIG futures
Real-money asset managers are finding that Cboe’s cash-settled corporate bond index futures – IBHY and IBIG futures – allow them to track ETFs in...
Markets Media Group Purchases Best Execution and The DESK
MARKETS MEDIA GROUP PURCHASES BEST EXECUTION AND THE DESK.
February 3rd, New York & London.
Acquisition Expands Markets Media’s Footprint into Europe
Leading U.S.-based digital financial...
Sam Knight named director of global e-trading at Fidelity International
Sam Knight, a senior trader at Fidelity International, has been made director of global e-trading. His promotion takes him to director level, less than...
Man Group reports profits down, AUM up
Alternative investment management firm, Man Group, has reported a 65% drop in profit before tax (PBT) in H1 2023 against the first half of...
JP Morgan FICC e-Trading Survey: Inflation to have biggest impact
The JP Morgan annual fixed income, commodity and currency (FICC) e-Trading Survey has found that inflation is expected to have the greatest effect on...
KfW taps Boerse Stuttgart Digital for digital bond blockchain infrastructure
Boerse Stuttgart Digital, an infrastructure provider for cryptocurrencies and digital assets in Europe, now provides the technical infrastructure for KfW, for its new blockchain-based...
Denmark FSA investigating bond funds’ double-figure losses
Sources report the Danish Financial Services Authority (DFSA) has launched an investigation into fund losses from mortgage bond holdings, as rising interest rates have...
The pros and cons of record issuance
Bond markets typically see increased liquidity around a bond shortly after it is issued. However, this does not mean that markets are automatically more...
BGC reportedly shuts Lucera LUMEAlfa; preps FMX for soft launch
According to sources, BGC Partners has shuttered its pre-trade data business, Lucera LUMEAlfa, closing the final chapter on pre-trade data pioneer Algomi, and aligning...
