FCA consultation lays ground for ending bond SI regime
The FCA’s consultation CP25/20 proposes scrapping the systematic internaliser (SI) regime for bonds, derivatives, structured-finance products and emission allowances to align with the transparency...
US banks boosted trading assets ahead of new lenient stress test results
Easier 2025 stress test assumptions and friendlier accumulated other comprehensive income (AOCI) treatment have freed capital for American investment banks’ fixed income desks; US...
FairCT wins EU bond CT tender
FairCT has won the EU bond consolidated tape tender.
The company has been invited to apply for authorisation. Once authorised, it will operate the tape...
ECB brings central bank money to DLT
The European Central Bank (ECB) is planning to settle distributed ledger technology (DLT) transactions using central bank money, announcing a long- and short-term initiative.
The...
E-trading boosts efficiency not liquidity in Japan’s buy-and-hold bond market
Japan’s bond market has long been seen as voice-heavy, with established traditions of relationship-based trading and an aversion to electronic, less personal alternatives. However,...
No Danish Compromise for BNP Paribas
BNP Paribas has finalised its acquisition of AXA Investment Managers (AXA IM) and clarified its leadership structure going forward.
The firm has not been able...
Propellant prepares for CT with data streaming expansion
Propellant Digital has introduced FIX data streaming on its platform, developing a framework allowing clients to access aggregated post-trade transparency data in advance of...
Octaura and Allvue push ahead on loan market electronification
Octaura and Allvue have partnered to boost electronic trading in loan markets, combining their solutions for alternative asset manager ICG.
Octaura, which provides electronic trading,...
Two thirds of bond issuers meet 2025 targets by June
Issuers are meeting their targets early this year as they get used to unpredictable markets, according to Mike Koerkemeier, global head of capital markets at...
RBC joins ICE Clear Credit
RBC Capital Markets has joined Intercontinental Exchange (ICE) Clear Credit as a futures commission merchant (FCM). RBC becomes the first FCM participant at ICE...
