Origination: State Street issues US$2.3 billion senior debt
State Street has issued US$2.3 billion in senior debt, using five broker-dealers owned by underrepresented groups in line with its diversity, equity and inclusion...
FCA fines three broker firms £4.7 million market abuse failures
The Financial Conduct Authority (FCA) has fined interdealer brokers BGC Brokers, GFI Brokers and GFI Securities £4,775,200 for failing to ensure they had appropriate...
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...
BlackRock launches first BuyWrite fixed income ETFs
BlackRock launched a first-of-its-kind suite of fixed income ETFs that provide access to buy-write investment strategies on baskets of fixed income securities: the iShares...
Who can make money, market making Euro credit?
Looking at the average bid-ask spreads of European credit trades, and correlating them with the average trade sizes for the year to date based...
Morgan Stanley to acquire Eaton Vance
Morgan Stanley is to buy investment manager Eaton Vance, which has US$500 billion in assets under management (AUM), for US$7 billion. The acquisition should...
Exclusive: Cboe goes live with US Treasury trading
Cboe has gone live with cash Treasury trading, the first trade having been conducted in mid-October. It is operating a ‘Full Amount’ execution protocol...
State Street serves up ‘Cods and Chips’ in European bond market rigging case
State Street has helped to uncover chatrooms, including one called "Cods and Chips" that are alleged to have been used by sell-side traders to...
Effecting change without disruption
LSEG has built a suite of services that can be used with minimal friction and maximise the capacity to trade effectively.
As clients face a...
Crunch on liquidity costs
As bid-ask spreads begin to widen on both sides of the Atlantic, buy-side credit traders need to reassess how to best manage the crunch...
MTS and Wematch.live launch digital marketplace for interest rate swaps
MTS, the European electronic fixed income platform owned by Euronext, and Wematch, the tech firm that provides buy- and sell-side firms' dealing workflow systems,...
Coalition Greenwich: Opportunity to electronify block bond trades is huge
Analyst firm, Coalition Greenwich, has found that block trades in the US bond market, defined as trades in investment grade (IG) with a notional...
