MARKET NEWS
Commentary: Inside the fixed income ETF primary market
By Alex Evangeli
The ecosystem that powers fixed income ETF trading is more complex than the simplicity of trading the product suggests. Behind the...
Emerging market bond liquidity erodes as trade counts fall sharply
Emerging market bond volumes have fallen every quarter of 2026 and trade counts are down by more than a quarter, according to MarketAxess data...
Murray joins Adroit
Neil Murray, former UK credit sales team member at Bank of America, has announced that he is joining execution management system provider Adroit Trading...
Meta taps BlackRock for latest giant data centre
Everything’s bigger in Texas, including Meta’s latest El Paso data centre venture and BlackRock’s 80% stake in it.
The project, announced last week, will include...
EchoStar debt rockets
EchoStar’s notional debt outstanding increased by US$7.64 billion between May and June.
On 28 July, the company repaid all outstanding obligations of its 7.75% senior...
ICE buys MarketAxess
The Intercontinental Exchange (ICE) is buying MarketAxess for a total enterprise value of US$5.7 billion.
The deal is expected to close in H1 2027.
ICE will...
FEATURES
Emerging market bond liquidity erodes as trade counts fall sharply
Emerging market bond volumes have fallen every quarter of 2026 and trade counts are down by more than a quarter, according to MarketAxess data...
BofA’s Sonali Theisen: Digital Assets Boost Fixed Income Efficiency
Digital assets have the potential to fundamentally reshape institutional markets via 24/7 trading, near-instant settlement, lower capital costs, and programmable infrastructure. As this evolution...
Acadian’s Michael Doros on the future of systematic credit trading
As credit markets become increasingly electronic, systematic managers are gaining new opportunities to scale research, improve execution, and optimize portfolios in real time. Traders...
Invesco: Kaizen and the art of trading
Running one of the leanest teams on the street, Ray Uy’s traders amplify their firm’s investment ideas by combining deep relationships, cutting edge technologies...
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...
Member
NEW ISSUES
FROM THE ARCHIVES
FILS 2021: Tapping into the ‘data revolution’
Data integration, the acceleration of electronification and the incorporation of environmental, social and governance factors in fixed income were highlighted as the big issues...
Aparajita Dalal: Derivative Exchange Notifications
At a moment’s notice
Tracking exchange notifications that affect listed derivatives reference data is laborious. Overlooking notices is easily done and can be costly. Aparajita...
Parameta Solutions becomes an authorised benchmark administrator
Parameta Solutions, the Data & Analytics division of TP ICAP, has become a Financial Conduct Authority (FCA) authorised benchmark administrator, which it claims makes...
BGC Group offers US dollar swap e-trading
BGC Group has launched a fully electronic trading platform for US dollar swaps. Briana Grazioso, director of e-sales at the firm, will lead the...
Large US credit trades “holy grail” for e-trading growth
US credit average daily notional volumes edged up in February, reaching US$62 billion – up 13% year-on-year (YoY) but only marginally increasing from the...
Euronext completes acquisition of Global Rate Set Systems
Euronext has completed the acquisition of 75% of the share capital of Global Rate Set Systems (GRSS), a provider of services to benchmark administrators....
Building a Better Credit RFQ
By Iseult E.A. Conlin, CFA, Managing Director, U.S. Cash Credit, Tradeweb.
Tradeweb Credit is breaking records in 2021, especially in electronic RFQ. Whether it’s total volumes,...
Cboe Credit Index Futures: The expanding liquidity picture
As buy-side firms look to increase their exposure to credit futures, market operators find ways to support access.
The DESK spoke with David Litchfield, director...
Is electronic trading levelling out the year-end liquidity shortfall?
Concern about liquidity shortfalls at year end could be alleviated by electronic market makers say traders, and the data seems to back them up.
A...
US 2 Year Treasury Note breaks 5%
The US 2 Year Treasury Note rose above 5% at approximately 2 AM EDT last night. Highs of 5.007% were recorded at 2:22 and...
S&P sells off business arms to STG
Private equity firm STG has completed its acquisition of S&P Global’s Enterprise Data Management (EDM) business and its portfolio management, order management and compliance...
FILS 2021: Lessons in better execution post-crisis
With economic upheaval ahead, potentially stemming from a supply crisis in many sectors, getting better execution for even in difficult markets will be key.
Big...
