MARKET NEWS
US rates e-trading flourishes in low volatility
Electronic trading in US rates was up two percentage points year-on-year (YoY) and three percentage points month-on-month (MoM) in June, representing 56% of the...
Nearly half of US credit e-traded in June
Electronic trading is breaking out of stagnation in US credit, with Coalition Greenwich predicting that high yield (HY) e-trading will soon hit its highest...
Merali leads rates e-trading at Bloomberg
Arif Merali has joined Bloomberg as global head of rates electronic trading at Bloomberg.
He is based in London.
Nicholas Bean is global head of Bloomberg...
Hastings joins Nomura AM
Richard Hastings has joined Nomura Asset Management as a fixed income client portfolio manager. He is based in London.
As on 31 March 2026, Nomura...
Dimon warns of downturn as fixed income revenues falter
Fixed income trading revenues fell for most US banks in the second quarter, with JP Morgan CEO Jamie Dimon warning that the strong environment...
SpaceX seeks bridge loan relief with mega bond issuance
SpaceX’s US$25 billion bond issuance, the first since its IPO on 12 June, was the largest corporate issuance of June – and surpassed sub-sovereign...
FEATURES
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...
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...
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
Transficc partners with Quinsol for their pricing engine
Quinsol Software, a startup innovator in fixed-income trading solutions, has announced a strategic partnership with TransFICC.
This collaboration aims to integrate Quinsol's Bond Price Hub...
Prickett resurfaces at Citi
Citi has named Tom Prickett as EMEA head of G10 rates. He is based in London.
In the newly created role, Prickett is responsible for...
Archax lists Obligate-issued digital debt on its FCA-regulated venue
Archax listed digital debt securities issued via Obligate, expanding access to on-chain private credit for professional investors on its FCA-regulated exchange, brokerage and custody...
US shutdown hitting bond market traders
By Pia Hecher.
The ongoing United States federal government shutdown is directly impacting US bond market regulation and evolution, leading to the Fixed Income Market...
April showers on e-trading platform growth
Last month saw electronic trading platforms continue to grow, but with activity hit by the concerns around financials, leading multi-asset market operator, Tradeweb, to...
Sam Knight named director of global e-trading at Fidelity International
Sam Knight, a senior trader at Fidelity International, has been made director of global e-trading. His promotion takes him to director level, less than...
LedgerEdge selects Exactpro to support distributed ledger enabled corporate bond trading
Exactpro, a software testing provider for mission-critical financial market infrastructures, has been chosen by LedgerEdge, which is developing a next-generation ecosystem for corporate bond...
First trade of a fractionalised blockchain-based bond announced
Northern Trust and Singapore start-up BondEvalue, which formed a strategic partnership last November, announced the completion of the first trade of a fractionalised blockchain-based...
Origination: Citi issues first digitally-native structured note
Citi has issued a digitally-native structured note on Euroclear's digital financial market infrastructure (D-FMI) distributed ledger technology (DLT) platform.
The note is an autocall with...
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...
FCA flags gaps in algo governance, testing and surveillance
A new FCA review of algorithmic trading firms has found improvements since 2018. While governance frameworks have matured, the FCA urged closer alignment with...
Lacklustre trading at Barclays and HSBC in Q4 2024
Barclays and HSBC both saw relatively subdued fixed income, currencies, and commodities (FICC) trading results in Q4 2024 compared to peers like BNP Paribas.
Barclays...
