Market News

Bond market operators see high yield down in Q3 2023 YoY with emerging markets...

MarketAxess saw its US high-yield average daily volumes (ADV) for Q3 2023 drop 20.4% against Q3 2022, standing at US$1.3 billion, while high-grade ADV...

Oliver Haste joins Propellant.digital

Bond market analytics provider, Propellant.digital, has announced that Oliver Haste has joined as head of EMEA product, Propellant’s second senior appointment in five weeks,...

KNG names Omar Ghalloudi head of emerging market trading

KNG Securities has appointed former Credit Suisse illiquid bond specialist Omar Ghalloudi as head of emerging market (EM) trading. Corporate and distressed bond ‘expert’ Ghalloudi...

AFME welcomes ESMA ‘call for evidence’ on shortening settlement cycles

In response to a ‘call for evidence’ on shortening settlement cycles in the European Union (EU), published by the European Securities and Markets Authority...

Dan Toomey poached by Millennium

Dan Toomey has been named senior trader at Millennium, moving from his previous roll as a portfolio manager at Verition Fund Management, a position...

Bank of England to back the buy side in market turmoil

The Bank of England (BoE) will develop a new lending tool for non-bank financial institutions, starting with UK insurance companies and pension funds, which...

FILS in Barcelona: Breaking up the monoculture

Diversity is not always visible, but its impact is. This was the key takeaway from the panel discussing ‘Launching new Diversity, equity and inclusion...

FILS in Barcelona: ‘Spectre at the feast’ as recession looming despite falling inflation

At FILS 2023, Amir Fergani head of fixed income France & EMEA at Generali Insurance Asset Management, Philippe Waechter, chief economist at Ostrum Asset...

FILS in Barcelona: Generative AI is not going to take our jobs – yet

In a discussion on the potential future impact of AI on financial markets, particularly fixed income, Venky Vemparala of FlexTrade and Plamen Mitkov of...