Do banks want credit trading to look like FX?
The end game of market making commoditisation is that a smaller number of players provide a vast volume of liquidity to the majority of...
Fink: BlackRock’s private credit strategy ties Prequin and Aladdin
In BlackRock’s second quarter (Q2) earnings call, CEO and chairman, Larry Fink, has set out the firm’s vision of expansion into private credit markets.
He...
Opinion: Competition, not regulation, will make better bond markets
European credit trading has historically seen levels of electronic trading of around 50% of total corporate credit trading, while the US market has historically...
CME Group reports first week US credit futures trade count
Market operator CME Group reports its new US Credit futures have traded 415 contracts since their launch on 17 June 2024.
“In just one week...
Analysis: Electronic trading across US and European bond markets
Electronic trading of US credit erupted in May 2024, according to analysis of the US credit market by Coalition Greenwich. It found that investment...
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FILS USA: Whither electronic bond trading?
Jenny Xiao of BlackRock and Chris Concannon of MarketAxess discuss the trends that are reshaping credit and rates markets in the Industry Crystal Ball...
FILS USA: The three fierce battles for credit e-trading market share
Electronic trading in US fixed income is hotly contested between Bloomberg, MarketAxess, Tradeweb and Trumid all competing for market share of trading cash bonds...
The pros and cons of record issuance
Bond markets typically see increased liquidity around a bond shortly after it is issued. However, this does not mean that markets are automatically more...
Primary ignition – at both ends
Politics are being side lined in the battle for efficiency in primary markets for buyers, and for issuers.
The top operational priority for buy-side, and...
Credit Spotlight: How clear can pre-trade get?
Pre-trade transparency is a nirvana for over-the-counter markets, particularly corporate bond trading, which lack the publicly displayed prices of the exchange-traded market.
Unless it...
