On the Desk: Engineering better trading
Honing the trading function is an art; it requires an engineer’s eye for improving systems but a leader’s eye for putting the team first.
How...
Primary markets see gradual progress as Investor Access reaches 600 buy-side users
A quick straw poll of buy-side traders suggests most believe the electronification of primary markets has stalled somewhat, with twice as many seeing progress...
Mixed trading volumes in May for fixed income across platforms
Looking at the numbers from the major trading platforms in May, volumes appear to be recovering which will be positive for dealers, who saw...
Flow Traders: Algos supported 20% of bond flows in 2022
A new white paper from exchange traded fund (ETF) market maker, Flow Traders, estimates that in the past two to three years, credit algos...
Citi, Deutsche Bank admit breaking competition law in bond trading, finds UK watchdog
By Laurie McAughtry
The UK’s anti-trust authority, the Competition and Markets Authority (CMA), has found that five banks including Citi, Deutsche Bank, HSBC, Morgan Stanley...
Why ICSD data could revitalise Europe’s pre-trade bond analytics
Two international securities depositaries (ICSDs), Euroclear and – as of last week – Clearstream, are rolling out access to data for trade settlements in...
April showers on e-trading platform growth
Last month saw electronic trading platforms continue to grow, but with activity hit by the concerns around financials, leading multi-asset market operator, Tradeweb, to...
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...
Primary markets: Give me some credit: Outlook for bond issuance in 2023
New issues provide liquidity and price points for bond traders; we assess the prospects for the year ahead.
As the cost of borrowing continues to...
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,...
