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...
AxeTrading expands modelling and pricing tools; builds out FX and futures
AxeTrading, the fixed income trading software provider, has launched version 5 of AxeTrader, its fixed-income trading system for sell-side and buy-side firms. This latest...
Money market and repo platforms see big volumes; MTS widens footprint
The European Central Bank estimated turnover in wholesale unsecured money markets in Europe alone was €127 billion (US$137 billion) per day in Q1 2020....
MarketAxess Q1 revenue up 36%; reports on US spreads
Bond market operator MarketAxess has seen revenues for the first quarter of 2020 increase 36% to US$169 million, up on the US$124.5 million it...
Governance key to EU consolidated bond tape’s success
The International Capital Markets Association (ICMA) has published a report outlining the possible routes to delivering a successful consolidated tape of price data of...
ICMA: Buy side struggled to make margin calls as repo dried up
A new report, ‘European repo market and the COVID-19 crisis’ published by the International Capital Markets Association, has found that some buy-side firms had...
Messaging tools spike as remote trading takes off
Providers of messaging tools used by portfolio managers, buy-side traders, sales traders and sell-side dealers have seen volumes spike as remote working becomes a...
EM in ‘limbo’ provides trading and pricing challenges
Emerging market bond funds have seen outflows continue to slow significantly, with Morgan Stanley’s analysts estimating it at US$1.8 billion, equating to about 0.42%...
Liquidnet reports 57% jump in bond liquidity during volatile markets
Liquidnet has reported that the recent volatility led to an increase in bond trading volumes on the all-to-all block trading platform.
“In the last six...
The Fed opens registration for commercial paper facility
The Federal Reserve Bank of New York has opened registration for firms wishing to sell to its Commercial Paper Funding Facility (CPFF).
The commercial paper...
