Are interdealer markets dead?
So-called ‘interdealer’ markets have long been used by large buy-side firms. This well-known secret creates inequality for those investment firms barred from participating, and...
BIS: Cut your trading costs in half by cosying up to dealers
A new working paper, written by the Monetary and Economic Department of the Bank of International Settlements, has found that dealer relationships are crucial...
JP Morgan and RBC added as eligible sellers to the Fed
The Federal Reserve Bank of New York funded Secondary Market Corporate Credit Facility (SMCCF) added JP Morgan and RBC as eligible sellers of securities...
UPDATE: Fed to end supplementary leverage ratio, talks down tapering
The federal bank regulatory agencies today announced that the temporary change to the supplementary leverage ratio, or SLR, for depository institutions issued on 2020,...
ICMA recommends ECB follows Federal Reserve and SNB policies
The International Capital Markets Association (ICMA) has written to the European Central Bank (ECB) with a “concern that rising dysfunction in the market...
JP Morgan restricted from onboarding new venues and fined US$350 million
JP Morgan has been fined US$350 million and may not onboard new trading venues without receiving prior written non-objection from the Federal Reserve Bank...
Bank of England releases detail on index-linked gilt purchases as LDI woes continue
The Bank of England (BoE) has said it continues to monitor developments in financial markets very closely in light of the significant asset repricing...
Carney condemns fragmentation of CCPs
By Flora McFarlane.
In his annual Mansion House speech on 20 June, Mark Carney argued against breaking up trading infrastructure, after the recent European Commission’s...
Federal Reserve: Dealer sensitivity major barrier to all-to-all trading in US Treasuries
A new staff paper published by the Federal Reserve Bank of New York has found there are possible advantages in delivering all-to-all trading to...
TMPG meets to discuss key challenges in the Treasury market structure
The Treasury Market Practices Group (TMPG), an industry roundtable coordinated by the US Federal Reserve (The Fed) met on Tuesday 19 October to discuss...
