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...
The DESK Research: The state of liquidity for US mid-market asset management firms
In 2022, despite robust secondary trading volumes, many buy-side firms are citing worsening liquidity conditions and dealers have seen falling trading revenues moving into...
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European Commission fines investment banks €371 million for bond trading cartel
The European Commission has found that Bank of America, Natixis, Nomura, RBS (now NatWest), UBS, UniCredit and WestLB (now Portigon) have breached EU antitrust...
Research: Trading Intentions Survey 2023
Major platforms show stable leadership in corporate bond trading
Some notable changes in results this year also reflect a change in demographics from respondents. This...
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Ediphy’s consolidated tape initiative sees positive response from the market
Chris Murphy, CEO and co-founder of Ediphy, says his fintech business will seek to provide a consolidated tape for European bond markets, using a...
Neptune announces new CEO, with strong buy-side support
Neptune Networks, the fixed income pre-trade market utility, has appointed John ‘Coach’ Robinson as permanent chief executive officer (CEO). Robinson commenced in the role...
SEC – controversially – moves to standardise best execution rules for broker-dealers
The Securities and Exchange Commission (SEC) is proposing new rules under the Securities Exchange Act of 1934 relating to a broker-dealer’s duty of best...
Scotiabank, Rabo Securities and Huntington Capital Markets join DirectBooks
DirectBooks, the capital markets consortium founded to optimise the bond issuance process has signed up Scotiabank, Rabo Securities and Huntington Capital Markets to join...
US liquidity costs spiked more violently than in Europe
Bid-ask spreads have widened massively in recent weeks, according to MarketAxess CP+ data, with the price in US investment grade nearly doubling in the...
Bloomberg warns on SEC extending exchange rules into bond market communication protocols
In a letter penned by Bloomberg’s Gregory Babyak, global head of regulatory Affairs and Gary Stone regulatory analyst and market structure strategist, the market...
