ICMA: Buy side struggled to make margin calls as repo dried up
A new report, ‘European repo market and the COVID-19 crisis’ published by the International Capital Markets Association, has found that some buy-side firms had...
The Fed and BlackRock’s bond-buying criteria challenged
Detail around the Primary Market Corporate Credit Facility (PMCCF) and Secondary Market Corporate Credit Facility (SMCCF) launched by the Federal Reserve Bank of New...
Odd-lot bond case alleges pressure on Bloomberg and collusion
In the US Southern District Court of New York, a class-action lawsuit has been brought against a group of banks, alleging that since 1...
Study finds 21% of buy-side lost access to tradable instruments in crisis
A new ‘Derivatives Insight Report’ by analyst firm Acuiti has found that 21% of buy-side firms, including proprietary trading firms and asset managers, suffered...
Report: Buy-side traders often still seen as ‘trading support’
A new report by Liquidnet entitled ‘Unbundling Best Execution: What do traders need to know?’ has found that while most buy-side trading desks are...
Messaging tools spike as remote trading takes off
Providers of messaging tools used by portfolio managers, buy-side traders, sales traders and sell-side dealers have seen volumes spike as remote working becomes a...
RBC hires Sayers from Citi to lead HY sales
Joe Sayers has joined RBC Capital Markets from Citi as head of high yield and loan sales, based in London and reporting to Janet...
EM in ‘limbo’ provides trading and pricing challenges
Emerging market bond funds have seen outflows continue to slow significantly, with Morgan Stanley’s analysts estimating it at US$1.8 billion, equating to about 0.42%...
Liquidnet reports 57% jump in bond liquidity during volatile markets
Liquidnet has reported that the recent volatility led to an increase in bond trading volumes on the all-to-all block trading platform.
“In the last six...
UBS’s Slade announces major changes in DCM team
David Slade, global co-head of leveraged and debt capital markets (LDCM) at UBS has announced in an internal memo, seen by The DESK, that...
