Investment Grade trading: A tale of two markets
By John Gallagher, MarketAxess
Last year, the markets were a one-way trade. Aggressive rate increases leading to horrible returns. Sell everything! And ask questions later......
The liquidity gap between 144A and Reg S bonds
144A and Regulation S (Reg S) securities have distinct regulatory backgrounds and key differences. Liquidity measures such as Bid-Ask spread and post-issuance volumes in...
The Agency Broker Hub: The challenge of retail-size electronic fixed income trading
By Lisa Tellia, E-Commerce Distribution – Market Hub, Global Markets Sales & Platforms at Intesa Sanpaolo
Fixed Income execution has traditionally been very complex and...
Industry viewpoint: New strategies for corporate bond index futures in 2023
David Litchfield, director for derivatives sales at Cboe Global Markets, explains how Cboe corporate bond index futures are supporting traders in a highly changeable environment.
The...
Beyond Liquidity: Optimism grows for European consolidated tape
Investors have been calling for a consolidated tape in Europe, which gives them aggregated data on trading volumes and prices throughout the region in...
Viewpoint: MarketAxess to increase automation with Adaptive Auto-X
MarketAxess is aiming to initially launch Adaptive Auto-X in the first half of this year to provide clients with algorithmic workflows and allow them...
Beyond Liquidity: Bringing the Grey Market to the 21st Century
The grey market exists for one purpose – for bonds to trade in the hours between the announcement of a new issue, and its...
Research: ETFs worsen fixed income liquidity in a crisis
An academic paper has argued that fixed income exchange traded funds (ETFs) “improve bond liquidity in general, but worsen it in periods of large...
Beyond Liquidity: The Promised Land
Primary bond market technology has delivered a steady stream of notable enhancements in recent years, with a small number of platforms and niche service...
Portfolio trading breaks into new markets
Emerging markets are adopting PT to add efficiency to liquidity sourcing, writes Matt Walters of MarketAxess.
Portfolio trading has seen a lot of success and...
