US Treasury recommends HFT firms be identified in TRACE data
By The DESK.
In a review of market structure issued on 6 October 2017, the US Treasury has recommended closing the gap in the granularity...
November’s bumper month for fixed income e-trading
Electronic trading platforms have reported a bumper November for fixed income trading, with CME reporting interest rate average daily volume (ADV) up by 42%;...
Colm Murtagh: The Long Goodbye
Dollar Swaps Markets Bid Farewell to LIBOR.
In July, it was linear swaps. In November, non-linear. And next week, on December 13, the further expansion...
Reform of TRACE reporting urged as portfolio trading rises
Portfolio trading, in which baskets of securities are exchanged with bank in single deals, has been growing in popularity as it gives certainty over...
People: Hunter leaves MarketAxess; Louchard at AXA IM
Nichola Hunter has left MarketAxess as head of its rates business. Hunter joined the firm in 2020 when it acquired government bond marketplace LiquidityEdge,...
Mike O’Brien made co-director global income at Eaton Vance
Michael O’Brien has been promoted to co-director global income at Eaton Vance, from his role as director of global trading, which he held since...
How the ICMA got firm on bond pricing
Buy-side traders have long decried the lack of executable price in bond markets. For the best part of a decade the electrification of these...
Sterling dealers recommend SONIA as alternative to LIBOR
The Bank of England’s Working Group on Sterling Risk-Free Reference Rates – a group of major dealers active in sterling interest rate swap markets – has...
Bond traders report screen prices are off by 10%
Several buy-side fixed income traders have confirmed that electronic prices are currently around 10% off the price that bonds are actually trading at, creating...
Jacques Aigrain and Rana Yared join Tradeweb; June volumes up 18%...
Multi-asset market operator Tradeweb Markets has appointed Jacques Aigrain and Rana Yared as independent directors, effective 1 August 2022. Aigrain will chair the Compensation...
