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...
FCA flags gaps in algo governance, testing and surveillance
A new FCA review of algorithmic trading firms has found improvements since 2018. While governance frameworks have matured, the FCA urged closer alignment with...
Nick Taylor joins KNG Securities
KNG Securities International has hired market veteran Nick Taylor as an EM credit sales-and-trading specialist in London.
Taylor arrives after three years as an emerging-markets...
FCA to investigate barriers for buy side to access data
The UK’s market regulator, the Financial Conduct Authority (FCA) will launch two market studies and gather further information to investigate access to wholesale data....
When not to use portfolio trading
Portfolio trading cannot please all of the people all of the time.
The success of portfolio trading (PT) as a protocol has taken bond markets...
Euronext issues €600bn in Portuguese treasuries
Euronext Lisbon is issuing new floating rate treasury bonds (OTRV) on 18 July, maturing in July 2031.
The offering received a total €612 billion, €423...
Technology : TCA in Fixed Income
Making up the numbers.
Regulatory changes that emphasise transparency are driving adoption of transaction cost analysis for bond trading, writes Sarah Spikes.
Transaction cost analysis (TCA)...
Trading for Trees
In 2019 MarketAxess launched their “Trading for Trees” program, under which five trees are planted by One Tree Planted, a partner charitable organization, for...
On The Desk: Jim Switzer: On taking control
The AllianceBernstein credit trading desk has been refocused to handle market fragmentation and the withdrawal of dealer liquidity, giving its traders a commanding presence...
Ending technology asymmetry in primary markets for bonds
Asset managers are playing catchup in primary markets technology after banks invested heavily in automated book building, says Rahul Kambli, senior product owner at...
Bryan Hall swaps MFS for Maple Capital Management
Bryan Hall has left MFS Investment Management after more than two decades, joining Maple Capital Management as a fixed income portfolio manager.
Hall has spent...
Insight & Analysis: Eighty percent of liquidity disappeared from long bond future post 2...
Ten ticks’ depth of order book collapsed as liquidity providers fled unprecedented volatility, analysis from The DESK shows.
After an initial flight to safety on...
