Crunch on liquidity costs
As bid-ask spreads begin to widen on both sides of the Atlantic, buy-side credit traders need to reassess how to best manage the crunch...
Meet the consolidated tape contenders
Europe’s development of a consolidated tape for trading data now has clear front runners, and benefits.
Three firms have confirmed they will compete to be...
Can TCA work for voice/chat credit trades?
Transaction cost analysis (TCA) – or execution quality analytics (EQA) – is a much sought after, but often objectively challenged, service in corporate bond...
Orderly sell-off despite Bund bid-ask spread blow out
Borrowing costs for the German government spiked after an announcement of increased expenditure for its military, triggering a sell-off in German government bonds (bunds)...
Details on MiFIR deferral regime still needed
A draft report published by Danuta Hübner, rapporteur for the Committee on Economic and Monetary Affairs at the European Parliament, has detailed changes to...
Bloomberg introduces new fixed income pre-trade TCA model
Bloomberg has launched a new pre-trade transaction cost analysis (TCA) model that helps market participants to assess trade cost, daily executable volume, and probability...
“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...
TT to acquire TCA provider Abel Noser
Trading Technologies (TT) has moved into the multi-asset data and analytics space with an agreement to acquire Abel Noser Solutions (ANS), a provider of...
Flow Traders: Algos supported 20% of bond flows in 2022
A new white paper from exchange traded fund (ETF) market maker, Flow Traders, estimates that in the past two to three years, credit algos...
Squeezing the bid-ask spread
Bid-ask spreads in the corporate bond space have continued to collapse in 2025, suggesting that liquidity costs are dramatically improving for buy-side traders.
Looking at...
