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...
Subscriber
Credit Spotlight
RISK & RETURN
FROM THE ARCHIVES
US Treasuries: You can’t handle the truth
Editorial by Dan Barnes.
Nobody wants responsibility for the US Treasuries market. We checked.
In 2014 The DESK approached every US financial regulator and authority to...
GreySpark: TCA is not fit for purpose in bond markets
A position paper by analyst firm GreySpark Partners has argued that transaction cost analysis (TCA) is too limited for its purpose, and will need...
Repo market stress prompts calls for central bank support
Could central bank intervention bypass sell-side intermediaries, if they only act as agents not risk takers? David Wigan reports.
The stresses in the US repo...
The Agency Broker Hub: The challenge of retail-size electronic fixed income trading
By Lisa Tellia, E-Commerce Distribution – Market Hub, Global Markets Sales & Platforms at Intesa Sanpaolo
Fixed Income execution has traditionally been very complex and...
Cary Eggleston leaves Canaccord Genuity for StoneX
Cary Eggleston has joined StoneX Group as a senior emerging markets credit trader, just four months after his appointment as head of CEEMEA fixed...
Lloyds Bank joins Neptune
Lloyds Bank has joined Neptune Networks' bond dealer community.
Neptune delivers axe data from 32 dealers in global Fixed Income to over 90 buy-side...
FCA begins CTP tender process
The FCA has opened applications for the bond consolidated tape provider (CTP).
“ one of the final steps in the process to establish enhanced transparency...
ESMA publishes its first liquidity assessment for bonds
The European Securities and Markets Authority (ESMA) has published today its first liquidity assessment for bonds subject to the pre- and post-trade requirements of...
Python eats traders
By Chris Hall.
Balancing man and machine will be the critical success factor for buy-side trading desks, delegates were told in Thursday’s head trader keynote...
Schroders picks Propellant for transparency data analytics
Schroders has integrated Propellant Digital’s fixed income transparency data product.
Propellant’s offering provides pre-trade data including real-time market activity, historical trade prices and aggregated trade...
Citi asserts control over any data tied to bilateral client trades
The European credit trading team at Citi has, according to several large asset managers, told buy-side clients the bank owns any data relating to...
The Book: Expectations for common European debt issuance
A report by Mario Draghi, former European Central Bank president, looking at paths forward to improve the European Union’s competitiveness, has found a solid...
