“There is no liquidity”: Bond traders report market conditions never seen before
Buy-side bond traders are facing a considerable challenge in matching their investor’s demand for fixed income assets as equity markets plummet. Volumes are up,...
Broadridge launches new repo solution
By Flora McFarlane.
New York-based Broadridge Financial Solutions has launched its Repo Order Quote (ROQ) system. The multi-market aggregation and execution tool for repo markets...
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...
Bloomberg wins over AB and Capital Group with BVAL
AllianceBernstein (AB) and Capital Group have both selected Bloomberg's evaluated pricing service (BVAL) to benchmark and corroborate end-of-day values for US fixed income portfolio...
UK to allow shorting of government debt and sovereign CDS
The UK Government has said it will remove requirements currently placed on investors when taking out short positions in sovereign debt or sovereign credit...
Credit futures see OI and ADV increase more than sevenfold YoY
The adoption of credit futures as a mainstream credit trading vehicle is broadening across venues and currencies: US$ iBoxx total return based futures traded...
Greenwich: RFQ cuts convertible bond spreads in half
New research by analyst firm Greenwich Associates has found that the request for quote (RFQ) protocol is cutting the spreads made by the most...
Algomi/Euroclear deal may open access to 373,000 bonds
Pre-trade data provider Algomi has significantly extended the universe of bonds for which it can publish trading opportunities, by signing a new agreement with...
SEC report on algo trading highlights lack of joint oversight
US markets regulator the Securities and Exchange Commission (SEC) has published a report to the US Congress on algorithmic trading in US debt and...
Why repo will not crash again
In December 2016 Europe’s repo markets crashed and burned. This year may look healthier than last but finding liquidity can still prove challenging. Lynn...
