Coalition: FICC up 50% for banks in H1, rates revenues doubled
Banks saw fixed income, currency and commodities (FICC) revenues rise by 54.6% in the first half of the year according to analyst firm Coalition....
Digital bond issuance: From zero to US$1,500,000,000 in 12 months
S&P Global Market Intelligence has assessed that the digital bond market “remains a work in progress” as new bond issuance focuses on testing in...
Getting the measure of sell-side portfolio trading
In its recent report on investment banking activity in 2020, analyst firm Coalition observed that there had been substantial growth in sell-side portfolio trading,...
Update: How big is portfolio trading?
In November 2020, we assessed the prevailing research on the size of portfolio trading in the corporate bond market. A new report from Coalition...
Coalition: Banks’ FICC trading victory in 2020 through remote working and market volatility
Remote working did not hold back sell-side firms in 2020 according to data from analyst firm Coalition. Full year investment banking revenues increased by...
OMS market: Vendors focusing on strategic sales pitch
Research suggests that an apparently limited interest in changing order management systems (OMS) on buy-side trading desks has been overcome by OMS vendors at...
Coalition Greenwich’s deep dive into fixed income TCA
A report by analyst firm Coalition Greenwich has set out the tough but potentially rewarding path for increased adoption of transaction cost analysis in...
Research: ETFs worsen fixed income liquidity in a crisis
An academic paper has argued that fixed income exchange traded funds (ETFs) “improve bond liquidity in general, but worsen it in periods of large...
Aladdin users gain Cassini support for derivatives trading
BlackRock has partnered with Cassini Systems, the pre- and post-trade margin and collateral analytics provider, to integrate Cassini analytics into BlackRock’s Aladdin order and...
GreySpark: TCA is not fit for purpose in bond markets
A position paper by analyst firm GreySpark Partners has argued that transaction cost analysis (TCA) is too limited for its purpose, and will need...