MARKET NEWS
US credit traders watch volumes, e-trading grow
Average daily notional volumes (ADNV) in US corporate bonds have been rising steadily since 2022, already hitting US$49.8 billion year-to-date. According to asset managers...
Sutherland promoted at Schroders
Neil Sutherland has been promoted to head of US fixed income trading at Schroders.
He is based in New York.
Schroders reported £823.7 billion in assets...
Walls, Sekora take senior FCA roles
Simon Walls’s role as executive director of markets at the FCA has been made permanent, after holding the position on a temporary basis since...
Trumid triumphs in tricky April credit e-trading market
US electronic credit trading volumes fell off a cliff in April for Tradeweb and MarketAxess, with average daily volumes (ADV) falling by 14.5% and...
Parmar promoted at CIBC
Shivani Parmar has been promoted to a repo trading role within CIBC Capital Markets’s global credit financing team.
She is based in London.
In Q1 2026,...
ETS scraps out-of-hours model, Ediphy drops legal case
The UK bond consolidated tape saga appears to be cooling down, as Etrading Software irons out its support services and Ediphy backs down from...
FEATURES
The accelerating boat to China: A faster route for traders
China offers investors a wealth of opportunity, with the caveat that markets are not fully open. Where the authorities are cautious about changes to market...
Eurex sees lit credit future liquidity migrate to dark
The Bloomberg / Eurex credit futures conference in mid-January 2026 had all seats taken and attendees standing in the aisles. That bursting enthusiasm was...
Human battles machine in JGB market
Participants say electronic trading of Japanese government bonds has reached an inflection point, but others counter that the death of voice trading has been...
Credit futures see OI and ADV increase more than sevenfold YoY
The adoption of credit futures as a mainstream credit trading vehicle is broadening across venues and currencies: US$ 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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RISK & RETURN
FROM THE ARCHIVES
Bond market operators see high yield down in Q3 2023 YoY with emerging markets...
MarketAxess saw its US high-yield average daily volumes (ADV) for Q3 2023 drop 20.4% against Q3 2022, standing at US$1.3 billion, while high-grade ADV...
Tharshan joins Citi credit trading team
Tharsh Tharshan has joined Citi as a credit trader. He is based in London.
Citi reported revenues of US$81.1 billion in 2024, up 3% from...
European Women in Finance Awards – nominations are still open!
We're aware that after last Summer - when, let's face it we were pretty limited in our vacation options - just about everyone is...
FCA estimates revenue from UK consolidated tape to be £4 million over five years
Attendees at the Fixed Income Leaders Summit in Amsterdam were told to get ready for the arrival of the consolidated tape in Europe, with...
FIX Paris: Bond axes multitude does not reflect liquidity quality
Panellists at FIX Paris said the proliferation of credit axes comes as a result of platforms rating liquidity providers on the basis of the...
TABB Group shuts down
Larry Tabb, the eponymous founder of market anayst firm TABB Group, has announced the firm will close. Making the announcement via Twitter, he wrote:...
LSEG signs long-term strategic partnership with Barclays
LSEG (London Stock Exchange Group) and Barclays have signed a new multi-year strategic partnership. Building on a longstanding existing relationship, the agreement includes a...
Tradeweb founder and Broadridge to launch bond trading venue
Broadridge Financial Solutions has conducted live trades on a new artificial intelligence (AI)-driven corporate bond trading platform, LTX, developed in partnership with Jim Toffey,...
Middle East contended by European banks despite US’s EMEA dominance
Dealogic data shows US investment banks have entrenched their dominance across financing in Europe, Middle East and Africa (EMEA).
The latest rankings for the...
This Week: James Athey, Marlborough
Marlborough: Bond markets zero in on Fed signals and tariff risks.
Bond markets will be closely watching employment data this week says James Athey, senior...
Securities financing : An integrated approach : Lynn Strongin Dodds
Securities lending comes into its own
How buy-side firms are adapting to the margin regime, by Lynn Strongin Dodds.
Regulation, including tighter margin legislation, has focused the buy-side mind...
US and Middle East bond issuance separated by Iran war
The US markets saw a record day of issuance on 10 March, supported by the massive USD37 billion issued by Amazon, alongside a euro-denominated...
