John Rothrock named head of DirectPool
CastleOak Securities, the New York-based boutique investment bank, has hired John Rothrock III as managing director and head of DirectPool, its Fixed Income Electronic...
LTX migrates corporate bond trading capabilities to AWS
LTX, a subsidiary of Broadridge Financial Solutions, has migrated its corporate bond e-trading platform to Amazon Web Services (AWS). With the completed migration, LTX...
Pre-fight analysis: The weigh-in for CME vs FMX
The launch of FMX, the derivatives exchange chaired by Howard Lutnick, CEO of interdealer broker and services provider BGC Group, sets out a potentially...
Dark trading limits to apply from March after reporting failures
*Update* The European Securities and Markets Authority (ESMA) will only apply the double volume cap (DVC) mechanism for trading European equities from March 2018,...
Analysis: Is credit trading really so close?
Last week we reported on the battle for credit trading between keen rivals MarketAxess and Tradeweb. During this reporting, we noted that Morgan Stanley...
ASX loses AUS$250 million on failed blockchain settlement project
The Australian Stock Exchange (ASX) has pulled its project to replace its existing settlement system, CHESS, with a blockchain-based settlement system.
The project, which has...
Review: Mixed bond trading revenues in choppy first quarter
Banks have seen mixed results from bond trading in the first quarter of 2023, across credit and rates, while electronic trading platforms have seen...
Tradeweb reports December 2020 volume up nearly 30% year-on-year
Bond market operator Tradeweb has reported its total trading volume for December was US$18.2 trillion across its marketplaces for rates, credit, equities and money...
FILS USA: How ETFs drive adoption of new trading protocols
The critical role that portfolio trading plays in concentrated risk was laid bare in a discussion between Sanjay Jhamna, global head of credit trading...
Bond market venues tussle over market share amid volumes surge
Fixed income trading venues have reaped the rewards of rising trading volumes, but a highly competitive landscape is having an impact on market share.
Market...
