Market News

LSEG pays big for FI data offering boost

LSEG has announced its upcoming acquisition of credit intelligence, data and workflow provider Octus in a US$3.535 billion deal. Octus, which specialises in coverage of...

Automation becomes life or death struggle for bond trading desks

The survival of traditional buyside bond trading desks is becoming an increasingly contentious issue, as automation takes over routine execution and portfolio managers gain...

Tradeweb acquires Trumid, narrows competitive landscape

Tradeweb is acquiring Trumid in a US$1.97 billion deal, further consolidating the fixed income e-trading landscape. During a conference call, Tradeweb stated that the deal...

FILS Europe: FCA defends 80% CTP deferrals as helping market makers under stress

New transparency regimes in the EU and UK have been, according to regulators, a great success. At FILS Europe, regulators and market makers looked...

FILS Europe: Bond CTPs fight against ‘free riders’ and ‘pollution’

After a bombshell poll result at FILS Europe on Tuesday, consolidated tape providers (CTPs) have hit back at the idea that the tapes are...

FILS Europe: Long live chat communications

Despite the industry focus on automating every aspect of the trading process, some panelists at FILS Europe jumped to the defence of chat communications. The...

FILS Europe: Don’t rely on platforms or ELPs in stressed markets, buyside traders say

There is a view among many industry participants that with high volumes and low spreads, fixed income markets remain liquid despite geopolitical turmoil. But...

FILS Europe: Buy-side rallies against axe flood

After complaints that trading venues are flooded with axes, the buy-side are taking it into their own hands to weed out poor performers. “We don’t...

FILS Europe: “RFQs will be obsolete”, traders predict

For many, request for quote (RFQ) is a default electronic trading protocol. But panellists at FILS Europe suggested that the strategy needs to evolve...