Primary held in check by tariff and rate uncertainty
Gross credit issuance has fallen in developed markets, according to data from Dealogic and Morgan Stanley, across investment grade (IG) and high yield (HY).
DM...
Exclusive: LedgerEdge to go into administration
LedgerEdge, the distributed ledger-based fixed income trading venue, has closed down.
Founder, David Rutter, said, “We can confirm LedgerEdge has closed, three years after...
Landry leads German and Austrian markets at Citi
Sophie Landry has been named head of markets for Germany and Austria at Citi.
Based in Frankfurt, she reports to European head of markets Fabio...
EIB’s Project Venus issues second digital bond on blockchain
The European Investment Bank (EIB) — in collaboration with Goldman Sachs Bank Europe, Santander and Société Générale — launched Project Venus, their second euro-denominated...
DBS joins LCH SwapClear as the first direct member in Singapore
DBS Bank has joined SwapClear, part of LCH, the clearing business for London Stock Exchange Group (LSEG) business. The bank has become the first...
Analysis: Credit belongs to…
In 2021, electronic credit trading has seen a close fought race between two giants, MarketAxess and Tradeweb. While both have slightly different profiles, through...
US Treasuries: You can’t handle the truth
Editorial by Dan Barnes.
Nobody wants responsibility for the US Treasuries market. We checked.
In 2014 The DESK approached every US financial regulator and authority to...
DTCC affirmation rates up for April – but investment managers lag
DTCC affirmed 83.5% of transactions by the DTC cutoff time – 9:00 PM ET on trade date – in April 2024, it has reported.
This...
Toru Nakashima joins Jefferies board as SMBC increases ownership
Jefferies has appointed Toru Nakashima, president and group CEO of the Sumitomo Mitsui Financial Group (SMFG), as a member of its board of directors....
Is electronic trading levelling out the year-end liquidity shortfall?
Concern about liquidity shortfalls at year end could be alleviated by electronic market makers say traders, and the data seems to back them up.
A...
Tradeweb offers corporate treasurers US T-bill trading
Corporate treasurers can now directly trade US Treasury bills (T-bills) through Tradeweb’s electronic trading platform.
The announcement follows Tradeweb’s 2024 acquisition of Institutional Cash Distributors...
Technology: What large language models do to the trading desk
LLMs are already adding value to trading teams.
The advent of Open AI’s Chat Generative Pre-trained Transformer (ChatGPT) tool has generated as many column inches...
