Tradeweb completes electronic swaption trade
Tradeweb has completed the first fully electronic request-for-market (RFM) swaption package trade on its Swap Execution Facility (TW SEF).
Since the inaugural trade was executed...
Banks buy into LSEG’s Post Trade Solutions
Banks using LSEG’s post-trade solutions have taken a 20% stake in the business, paying £170 million for the shares.
The transaction is expected to close...
Marex picks up Valcourt in FI expansion
Marex has acquired European market maker Valcourt in a bid to expand its fixed income business.
Following regulatory approval, the acquisition will close in H1...
Tradeweb launches Saudi ATS
Tradeweb has expanded its alternative trading system to cover Sukuk and Saudi Riyal (SAR)-denominated debt instrument execution.
The company was licensed by the Capital Market...
While rates trading hummed in Q3, “cockroaches” hide
Jamie Dimon, CEO at JP Morgan, warned that recent corporate blow-ups may presage wider credit issues: “When you see one cockroach, there are probably...
US credit issuance hit record highs in September
US credit issuance was at its highest level since May 2020 at the start of September, pushing average daily notional volumes up 4% year-on-year...
US rates volatility, e-trading decline in September
E-trading was down five percentage points year-on-year (YoY) and one percentage point month-on-month (MoM) in US rates over September, taking 54% of overall volumes.
Dealer-to-client...
The de-dollarisation debate
Investors see their short duration positions getting longer this year, with a shift to EM debt, and a multi-decade case for de-dollarisation, attendees at...
Private credit: “Don’t get involved now!”
Louis Gargour, chief investment officer at LNG Capital gave this late-cycle warning at a FILS panel dedicated to alternative investment in private credit. He...
“Vested interests” scupper primary markets electronification progresses
Bond markets are electronifying fast in secondary markets and efforts have been made in primary markets too. However, the level of progress was hotly...
