“There is still an edge in systematic trading”
Systematic trading is often associated with highly liquid instruments, but asset managers have outlined success stories in less liquid debt markets, at the Fixed...
Coalition Greenwich: Return on investment now viable for fixed income EMS
Dated fixed income markets are set to undergo a rapid technological transformation. But it is from a low bar, with fixed income 10 to...
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Market gives cautious response to Sweden’s ‘detail-lite’ MiFID II deal
The Swedish presidency of the Council of the European Union (Council) reached a last-minute agreement with the EU Parliament on proposed changes to the...
Big names out at BGC
Interdealer broker BGC Partners has made a wave of job cuts, as announced in April, which combined with recent departures has removed several heads...
A wild ride: Tradeweb’s Hult reviews the bond market in 2023
Historic interest rate moves, a debt ceiling stalemate, major bank collapses and massive geopolitical instability. These mega events sent shocks through the markets in...
Best practice in credit TCA measures
The need to optimise execution quality is increased as buy-side firms seek to optimise all-to-all trading, and therefore price making, in credit. Transaction cost...
The ‘venue’ question raised by ESMA’s new order execution consultation
The European Securities and Markets Authority (ESMA) is consulting on the development of technical standards (RTS) specifying the criteria for establishing and assessing the...
BGC reportedly shuts Lucera LUMEAlfa; preps FMX for soft launch
According to sources, BGC Partners has shuttered its pre-trade data business, Lucera LUMEAlfa, closing the final chapter on pre-trade data pioneer Algomi, and aligning...
R3’s Corda powers first digital bond issuance on Euroclear’s digital FMI
R3’s enterprise distributed ledger technology (DLT) platform Corda has supported the first live issuance of a digital bond with Euroclear’s International Central Securities Depository...
AxeTrading links with Börse Stuttgart, Bond Port and adds Overbond pricing tool
Börse Stuttgart is to resume business in €-corporate bonds with its long-standing partner Raiffeisen Bank International AG (RBI), via the AxeTrading platform.
RBI will use...
