Coalition Greenwich: Opportunity to electronify block bond trades is huge
Analyst firm, Coalition Greenwich, has found that block trades in the US bond market, defined as trades in investment grade (IG) with a notional...
All shook up: The effect of ELPs on the bond market
Redlap Consulting’s latest research paper, written by Rebecca Healey and Charlotte Decuyper, asserts that the pandemic has “rewritten the rulebook on trading”, and argues...
How e-trading connectivity has been fragmented by sanctions
Sanctions on the Russian regime, on associated firms and on individuals have restricted legal access to some instruments and counterparties, yet portfolio managers may...
US Treasuries lost its ‘sell-side’; can clearing and capital rules revive it?
Market participants report the current proposals by the US Securities and Exchange Commission (SEC) to centrally clear trades in the US Treasuries market are...
Trading: Loans and ABS: The fixed income markets time forgot
Trading in the less liquid parts of the fixed income market has remained relatively untouched by electronification.
Loans and securitised products backed by loans can...
Will the EC ban electronic bilateral bond trading?
The broadening definition of ‘multilateral’ is at risk of capturing all trading if traders do not speak out.
The European Securities and Markets Authority (ESMA)...
Market structure: Is e-trading plateauing?
The overall pace of bond market electronification is slowing, but trading evolution is not linear.
Electronic trading has grown as a proportion of total trading,...
Review: Mixed bond trading revenues in choppy first quarter
Banks have seen mixed results from bond trading in the first quarter of 2023, across credit and rates, while electronic trading platforms have seen...
When banks go bust holding boring bonds
**This article will appear in full in the next issue of The DESK**
Government bonds are described as a 'risk-free' instrument, on the basis that...
Get it together: Traders seek primary market harmony
With issuance expected to stay high in 2022, traders appeal for a streamlined approach to primary market interfaces.
The level of global bond issuance in...
