Greenwich: Buy-side traders rate counterparties by data, not friendship
Relationships are becoming less important when buy-side traders are deciding which counterparties to trade with, as data on previous trading activity takes on a...
Buy side wants new tools in primary market tsunami
Several buy-side traders report new primary bond market tools could come online this year in the US, with dealer consortium DirectBooks expected to step...
ICMA highlights key ‘dysfunctional’ areas of credit market
The International Capital Markets Association has reported on March’s sell-off and the impact on the corporate bond market, noting that “by March 18, considered...
Trading outsourcer Tourmaline hires three senior executives
Outsourced trading solutions firm Tourmaline Partners has added Alex Goodman and Matt Sindell as managing directors, and Darren Mazzuca has joined as director of...
Fed: No bond ETF fees for BlackRock; JP Morgan still AWOL
Under the new Federal Reserve asset purchasing programme, BlackRock, the asset manager which is acting as the trading function for the programme, will charge...
MTS BondsPro pushes into Mexican bond markets
Fixed income market operator MTS Markets, part of London Stock Exchange Group (LSEG), has expanded its reach into Mexico via a marketing agreement with...
Greenwich: RFQ cuts convertible bond spreads in half
New research by analyst firm Greenwich Associates has found that the request for quote (RFQ) protocol is cutting the spreads made by the most...
Coalition: Sell-side FICC productivity levels rocketed in Q1
Research by analyst firm Coalition has found investment banking revenues reaching a five-year high in the first quarter of 2020, while headcount dropped significantly,...
Citi and JP Morgan absent from Fed programme
The list of eligible dealers for the Fed’s bond and exchange-traded fund programme for the 12th May has been published and it is missing...
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...
