Market News

Muni e-trading hits surprise Q1 record

E-trading in municipal bonds was up 2 percentage points year-on-year (YoY) in Q1 2025, representing 20.6% of the market – beating the previous record...

Broadridge’s DLR grows at slower pace in April

Broadridge’s distributed ledger repo (DLR) saw average daily volumes reach US$368 billion, up 268% year-on-year (YoY) and almost 4% month-on-month (MoM). A total US$7.7 trillion...

Vounakis leaves Mizuho

Mizuho’s head of credit trading, Aristo Vounakis, has left the firm. For the nine months ended 31 December 2025, Mizuho reported US$4.1 billion in trading...

Sutherland replaces Hornby at Schroders

Lisa Hornby has left Schroders after almost 16 years with the company, most recently serving as head of US fixed income. As of year-end 2025,...

Barclays swats away volatility with Q1 FICC trading results

There are two rivalries in European banks’ fixed income trading revenues. Barclays and BNP Paribas are the heavyweights, sitting in the €1-2 billion bracket,...

Bader swaps GIC for ADIA

Nicolas Bader has been named head of cross-asset and systematic execution at the Abu Dhabi Investment Authority (ADIA). According to the Sovereign Wealth Fund Institute,...

S&P Global automates muni allocations

S&P Global Market Intelligence has launched an automated municipal bond allocation tool. Integrated into the firm’s muni issuance solution, Municipal Bookbuild, the Municipal Bond Allotment...

Trumid brings automation to credit voice trading

Trumid has bolstered its services with Smart Voice, an LLM-driven tool that auto-populates credit trade tickets based on unstructured conversations. “Despite all the growth in...

Saudi Arabia joins JP Morgan, Bloomberg indices

Saudi Arabia’s SAR-denominated sovereign sukuk is set to become part of JP Morgan’s emerging markets government bond (GBI-EM) global diversified index and Bloomberg’s EM...