MARKET NEWS
King-Smith back at BNPP
Jake King-Smith has returned to BNP Paribas as head of corporate rates and FX for the UK, Middle East and Africa.
In the role, he...
ICMA 2026: Traders see AI everywhere, all at once
While some in the market may be trying to keep their AI practices quiet, speakers at this year’s ICMA conference in London were proud...
ICMA 2026: Top five concerns with European transparency regime
A panel of experts has outlined ongoing issues with transparency in Europe at the ICMA annual AGM in London, speaking under the Chatham House...
ICMA 2026: Signs of US decline could be Europe’s time to shine
Geopolitical turmoil is increasing global fragmentation but could be a driving force for European consolidation, according to speakers at ICMA’s 2026 AGM and Conference...
Cheung promoted at ICE
Penny Cheung has been promoted to head of interest rate derivatives at ICE.
Based in London, she is responsible for multicurrency interest rate futures and...
ICMA 2026: How digitalisation can reduce market stress
At the ICMA conference on 28 May 2026, Samara Cohen, global head of market development at BlackRock, laid out an agenda to accelerate market...
FEATURES
The accelerating boat to China: A faster route for traders
China offers investors a wealth of opportunity, with the caveat that markets are not fully open. Where the authorities are cautious about changes to market...
Eurex sees lit credit future liquidity migrate to dark
The Bloomberg / Eurex credit futures conference in mid-January 2026 had all seats taken and attendees standing in the aisles. That bursting enthusiasm was...
Human battles machine in JGB market
Participants say electronic trading of Japanese government bonds has reached an inflection point, but others counter that the death of voice trading has been...
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...
PROFILES
RESEARCH
Trading Intentions Survey: Data and protocol innovation are the battlegrounds for...
The 2026 Trading Intentions Survey has found that data is the most hotly-contested field in supporting corporate bond trading today, while analysis of trading...
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Credit Spotlight
RISK & RETURN
FROM THE ARCHIVES
The election effect: Issuance in an election year
Looking at Dealogic data for debt issuance over the past four year tenures of US presidents, it is notable how much the macro picture,...
Halila Mazin joins KNG Securities
KNG Securities, the fixed income investment banking boutique, has appointed former Barclays distressed and emerging markets (EM) debt specialist, Halila Mazin, as fixed income...
S&P Global Market Intelligence boosts muni market coverage
S&P Global Market Intelligence’s integrated market intelligence platform now covers almost 6 million securities in the municipal market.
The firm has added 4.6 million municipal...
Visualising aggressive pricing pressure on trading costs
Analysing year-to-date volume and trade number data from MarketAxess’s TraX database for US credit, and correlating it with the weekly average MarketAxess CP+ bid-ask...
ICE acquires American Financial Exchange
Intercontinental Exchange (ICE) has acquired the American Financial Exchange (AFX) in its entirety.
The electronic exchange, which facilitated direct lending and borrowing for American banks...
LSEG selling MTS and Borsa Italiana for €4.325 billion to Euronext
London Stock Exchange Group (LSEG) has sold Borsa Italiana to Euronext for €4.325 billion, including bond trading marketplace MTS, which was a condition of...
Chris Robinson joins Liquidnet
Liquidnet has appointed Chris Robinson as a multi-asset trader.
Robinson has more than a decade of industry experience, and joins Liquidnet from Louis Capital Markets.
Most...
Finbourne, Propellant partner to pursue UK, Europe bond tape provider projects
Finbourne Technology and Propellant Digital have forged a strategic partnership to bid for the bond Consolidated Tape Provider (CTP) projects in the UK and...
McGeogh swaps HSBC for Deutsche Bank
Lisa McGeogh has left HSBC after eight months after being named US chief executive at the firm, joining Deutsche Bank as head of the...
Analysis: E-trading platforms see gains and losses in corporate bond market battle
Morgan Stanley analysis of the monthly reports from market operators Tradeweb and MarketAxess, has shown wins and losses in market share for both platforms.
Looking...
Why India’s bond markets may bloom in June
Inclusion in one major index could see Indian markets boost investment and liquidity, with more in January 2025.
Following the victory of the BJP in...
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...
