The DESK Research: The state of liquidity for US mid-market asset management firms
In 2022, despite robust secondary trading volumes, many buy-side firms are citing worsening liquidity conditions and dealers have seen falling trading revenues moving into...
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Tradeweb succession as Hult becomes CEO and Pluta becomes president
Tradeweb, the market operator for rates, credit, equities and money markets, has implemented leadership changes as part of its previously-announced succession plan.
Effective 1 January,...
MiFIR: Controversy around consolidated tape proposal for revenue sharing with venues
The Czechia presidency of the Council of the European Union proposed amending the Markets in Financial Instrument Regulation (MiFIR) on 16 December 2022, with...
SEC’s proposals create competitive opportunities
Responses to the wide ranging proposals posited by the Securities and Exchange Commission (SEC) in US equity markets last week have raised questions but...
Negotiations begin on MiFIR/MiFID final review and consolidated tape
EU member states’ representatives have today agreed a mandate for negotiations with the European Parliament on the proposed regulation reviewing the Markets in Financial Instruments...
Bilateral electronic bond trading gains ground with UBS AM and JP Morgan’s FlexTrade connection
FlexTrade Systems, the execution and order management system (EOMS) provider has facilitated a direct electronic execution between UBS Asset Management and JP Morgan in...
Exclusive: David Nicol leaves LedgerEdge; Rutter steps forward in interim
David Nicol, co-founder of LedgerEdge, a distributed ledger-based fixed income trading venue, has left his position as CEO. Ian Chicken, chief operating officer at...
Substantially higher US investment grade stress going into 2023
The Federal Reserve Bank of New York’s Corporate Bond Market Distress Index (CMDI) is closing 2022 with investment grade US bond markets twice as distressed as...
Reviewing 2022: European credit trading costs have doubled
There have been an enormous number of factors shaking up bond trading this year. From fixed income fundamentals like rapidly rising interest rates from...
Tradition takes over BondsPro as MTS leaves US market
MTS, the European bond trading platform majority-owned by Euronext, has completed the sale of its US subsidiary MTS Markets International to Tradition America Holdings,...
