SEC report highlights dealer threat to buy-side allocations in primary markets
US market regulator, the Securities and Exchange Commission (SEC), has reported buy-side firms feel pressured not to publicly speak out about the challenges of...
Jefferies moves into outsourced fixed income trading with Siegel hire
Industry veteran Jory Siegel has joined Jefferies as head of fixed income outsourced trading, from Marex.
Siegel was previously managing director and head of fixed...
Measuring implicit costs and market impact in credit trading
Evaluating the quality of a bond trade is made complex by the multiple dynamics which impact quality, and the frequent absence of data to...
The interplay between the cash and derivative credit markets
For investors, the derivatives market is a potentially a rich source for investment returns and risk management. It can also be a valuable source...
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...
The Fed and BlackRock’s bond-buying criteria challenged
Detail around the Primary Market Corporate Credit Facility (PMCCF) and Secondary Market Corporate Credit Facility (SMCCF) launched by the Federal Reserve Bank of New...
E-trading boosts efficiency not liquidity in Japan’s buy-and-hold bond market
Japan’s bond market has long been seen as voice-heavy, with established traditions of relationship-based trading and an aversion to electronic, less personal alternatives. However,...
Muting Ren joins American Century Investments
Muting Ren has joined American Century Investments on its global Fixed Income Team. He will serve as senior portfolio manager and head of systematic...
E-trading platforms show mixed results in October’s market share battle
Electronic trading fixed income platforms saw a slight drop off in volume relative to October, but strong activity against the same period last year.
Bond...
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...
