MARKET NEWS
T. Rowe Price deploys Genesis’ primary bond custom tool
T. Rowe Price has gone live with Genesis global’s primary bond issuance (PBI) tool. It aims to standardise how its fixed income teams manage...
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$6.7 billion in...
MarketAxess outperforms competition in October through slower month
US electronic credit trading slowed down in October. FINRA’s TRACE tape recorded combined US investment-grade (IG) and high-yield (HY) average daily volume (ADV) at...
Bidding for nothing – what do you get for 68p?
Court documents filed by Ediphy Analytics explain that it planned to offer consolidated bond tapes for free – before it was knocked out of...
FEATURES
Credit futures see OI and ADV increase more than sevenfold YoY
The adoption of credit futures as a mainstream credit trading vehicle is broadening across venues and currencies: US$ 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
Uncertainty on impact of US debt ceiling
Members of the Treasury Market Practices Group (TPMG) were unable to come to a consensus on the impact of the US debt limit being...
BondAuction and NowCM partner to support primary market access
BondAuction and NowCM, the primary market platform, are establishing connectivity between their platforms to offer connectivity for respective clients and users.
NowCM and BondAuction will...
Fixed income dominates LSEG and Deutsche Borse Q3 revenue
Fixed income revenue led the banks’ Q3 results, boosting overall growth.
LSEG’s capital markets revenue was up 24.8% year-on-year (YoY) in Q3 2024, reaching £468...
Trading systems FIXed to Ipreo for bond issuance
Primary market specialist Ipreo has launched a FIX-messaging based system for integrating the Ipreo Investor Access platform, which allows investors to electronically submit orders directly to...
On The DESK : Stuart Campbell : BlueBay Asset Management
STUART CAMPBELL: OUTPERFORMANCE AND AUTO-EXECUTION.
Leading the charge into electronic trading, Stuart Campbell tells The DESK how he has set up his team to prevail.
Which characteristics...
Five dealers select Droit for MiFID II Compliance
By Flora McFarlane.
BNP Paribas, Crédit Agricole CIB, Goldman Sachs, Lloyds and UBS are using Droit Financial Technologies for MiFID II trade compliance infrastructure.
Jo Hannaford,...
Editorial: Oversight of US bond markets is broken
Oversight of the US bond markets is broken. The world’s sixth largest bank by assets, JP Morgan, was able to manipulate the US Treasury...
Credit Agricole, R. Seelaus & Co. and Siebert Williams Shank join DirectBooks
Credit Agricole Corporate & Investment Bank, R. Seelaus & Co. and Siebert Williams Shank have joined the primary bond market platform operator DirectBooks. The...
Oscar Kressner joins Millennium
Oscar Kressner has joined alternative asset manager Millennium Management Global Investment, as a portfolio manager covering global macro investing. Millennium, which has US$56 billion...
JP Morgan: Treating the buy side as clients, not counterparties
The ability to aggregate external and internal liquidity can deliver streamed pricing in all markets.
JP Morgan is on the path to providing a combined...
Industry viewpoint : Regulation & data : MTS
Repo market data
Q&A with Luigi Marino, Product Manager, Market Data, MTS
What is the state of electronic repo market trading for buy-side firms today?...
Tradeweb launches Saudi ATS
Tradeweb has expanded its alternative trading system to cover Sukuk and Saudi Riyal (SAR)-denominated debt instrument execution.
The company was licensed by the Capital Market...
