Market News

JP Morgan leads Q1 trading results, Dimon calls for deregulation

JP Morgan raced ahead of competitors in fixed income trading revenues over the first three months of 2025, reporting over US$1 billion more than...

ICE chases Tradeweb in MBS electronic trading

ICE aims to get a bigger pie of the electronic Mortgage Backed Securities (MBS) trading market and introduces a new anonymous Request-for-Quote (RFQ) protocol. Intercontinental...

US rates activity explodes post-tariffs

Tariff tumult in the US Treasuries market saw average daily notional volume spike over March, up 31% year-on-year (YoY) to US$1.089 trillion at the...

US credit trading reached record highs pre-tariffs

The corporate bond market was already at record levels before the US tariffs came into force, FINRA data shows. US credit trading volumes reached record...

S&P and CME offload OSTTRA to KKR

S&P Global and CME Group have agreed to sell their post-trade solutions business OSTTRA to global investment firm KKR. The US$3.1 billion enterprise value deal...

StoneX builds out FCM presence with RJO acquisition

StoneX Group has agreed to acquire futures brokerage and clearing firm RJ O’Brien & Associates (RJO). RJO generated approximately US$766 million in revenue in 2024,...

TransFICC secures US$25 million Series B led by Citadel Securities

TransFICC, a provider of low-latency connectivity and workflow services for fixed income and derivatives markets, has secured US$25 million in a Series B fundinground...

Tradeweb launches EGB portfolio trading

Tradeweb has expanded its portfolio trading services to European Government Bonds (EGBs). Tradeweb has facilitated electronic portfolio trading for corporate bonds since 2019. Responding to...

IMTC picks up another SMA services client

US broker-dealer and wealth manager Amerant Investments has adopted IMTC’s systems as it plans to scale its separately managed accounts (SMA) provisions. Amerant Investments reported...