Chinese govies step closer to collateral acceptability
Acceptance of Chinese government bonds as collateral will hinge upon rule changes around defaults. Lynn Strongin Dodds reports.
The use of Chinese government bonds as...
Are European exchanges allowed to rival size of US markets?
The European Commission (EC) has opened an in-depth investigation into the proposed acquisition of Refinitiv by the London Stock Exchange Group (LSEG) under the...
Natwest Markets trading desk automating fixed income trading workflow with ipushpull
Natwest Markets has implemented a new PPQ (Pushpull Quotes) workflow system to streamline manual workflow around non-standard, complex trades such as fixed income trading.
Matthew...
US unbundling does not impose fiduciary execution rules on dealers
By Flora McFarlane.
US banks are able to unbundle trade execution and research payments without incurring fiduciary responsibility for trade execution. Following a lengthy process...
EC suspends best execution reporting which is “not read at all”
The European Commission (EC) has adopted a Capital Markets Recovery Package, as part of the Commission's overall coronavirus recovery strategy which includes increased leniency...
Europe’s liquidity rules are holding up… for now
New guidance on fund liquidity has followed redemption concerns in European equity and bond funds, writes Lynn Strongin-Dodds.
The risk that funds are unable to...
Financial Conduct Authority approves Trax and Tradeweb for MiFID II Reporting
By Flora McFarlane.
The Financial Conduct Authority (FCA) has granted approval to Trax and Tradeweb as Approved Publication Arrangement (APA) for transparency and reporting under...
MiFID II: New dealer economics
Explicit commission payments and a tabloid-style of attention-grabbing research are on the cards under MiFID II, as it reinvents investment economics in fixed income.
No-one...
Hermes Investment Management chooses IHS Markit for TCA
By Flora McFarlane.
Hermes Investment Management has chosen IHS Markit’s TCA platform ahead of incoming best execution obligations under MiFID II.
The technology provider’s TCA platform...
Ancoa goes into adminstration
Cinnober Financial Technology has acquired the assets of Ancoa Software, the UK-based market surveillance specialist company, as a going concern. Terms of the deal have...