FILS USA 2026: Is execution quality improving?
The answer to whether execution quality is improving, based on discussions at the Fixed Income Leaders Summit, is, 'it depends'. For liquid, standardised instruments...
The need to negotiate a consensus price
Request-for-quote (RFQ) remains the primary go-to protocol across electronic trading venues in corporate bond markets for buy-side traders.
Despite speculation that the electronification of...
When the floor moves: The Treasury sell-off and the credit market liquidity test
The US Treasury market is the foundation for corporate bond market liquidity. When that foundation shakes, the tremors can quickly move into the credit...
Roundtable debate: Can the market electronify block trades?
The efficiency of electronic trading has trade-offs for blocks based on information disclosure, leakage and trust.
Electronifying execution of larger bond orders is the ‘holy...
Is Europe’s consolidated tape already shaping trade sizes?
Trade sizes in Europe’s corporate bond markets are aligning across investment grade (IG) and high yield (HY) sectors, while the US markets are still...
European bond trading impacted by 84% of flows to active open-ended funds
European fixed income fund flows remain structurally different from the US, materially affecting trading flows during the day. In 2025, 84% of Europe’s US$422.7bn net inflows went to active open-ended funds. US flows...
Milei’s victory saw Argentinian debt traders reach for rapid risk transfer
In late October 2025, Argentine President Javier Milei’s party, La Libertad Avanza, scored a decisive win, in the country’s midterm elections, a political triumph...
Aligning the pre-trade credit liquidity picture and the execution goal
Pre-trade data and market colour are imperative for buy-side traders looking to achieve best execution in corporate bond markets. Understanding how that applies to...
Argentina’s battle for control
Argentina’s bond markets have been notoriously challenging for investors. Twenty years after the country underwent a major debt restructuring, and just five years after...
Trade size growth undercuts European bond market ‘equitification’
Since 2023 European corporate bond markets have seen trades size grow, as trading platforms report increasing volumes
“If we break down electronic trading growth in European...














