Money markets begin to tail off as rates fall
Reviewing the second quarter activity in primary markets and fund flows, we see the total notional outstanding in US fixed income totalled US$45.3 trillion,...
“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,...
Debate heats up around Munis tax exempt status
The Republican Party is considering repealing the tax-exempt status of municipal bonds.
A memorandum circulated by the US House of Representatives Budget Committee and diffused...
ICE chases Tradeweb in MBS electronic trading
ICE aims to get a bigger pie of the electronic Mortgage Backed Securities (MBS) trading market and introduces a new anonymous Request-for-Quote (RFQ) protocol.
Intercontinental...
Beyond Liquidity: Automation a key theme in fixed income
Automation was one of the most discussed themes at this year’s Fixed Income Leaders’ Summit in Barcelona, which took place earlier this month, with...
MarketAxess reports record revenue in 2021
Bond market operator MarketAxess saw total revenues for 2021 increase 1.4% to a record US$699 million, compared to US$689.1 million for 2020. Operating income...
Sterling expands to cover fixed income securities
Order management, risk and margin technology provider Sterling Trading Tech will support fixed income securities by the end of Q2 2024, it has announced.
This...
Build your own EMS
Frustration with commercial front office technology is leading major buy-side firms to build execution capabilities.
Buy-side spend on order management and execution management systems (O/EMS)...
Authorities reverse one-minute fixed income reporting requirements
Requirements for trades to be reported within one minute have been reversed just months after their approval after concerns were raised around the negative...
Let’s be open….
Herb Werth, Managing Director, IHS Markit
As capital markets innovators, one area where we’ve spent considerable time recently has been new issuance. At first glance,...
SIX tokenises corporate bonds to expand investor base
SIX Digital Exchange (SDX) has completed its pilot project tokenising corporate debt instruments in collaboration with Banque Pictet.
Fractional quantities of the tokenised assets were...
RBC joins ICE Clear Credit as clearing member
The Royal Bank of Canada (RBC) has joined Intercontinental Exchange’s (ICE) credit default swaps clearinghouse, ICE Clear Credit, as a clearing member.
Following its membership,...
