Roster of finance heavyweights welcomes Claude Finance with acclaim
Anthropic announced Claude Finance on 15 July, describing it as a version of its large‑language‑model platform tailored for finance‑sector research, modeling and compliance work.
Aaron Linsky,...
ESMA lacks data to test bond market concerns
By Pia Hecher.
Regulators have acknowledged that bond market data is so sparse, even post-MiFID II, that they are unable to test execution quality concerns....
Broadridge’s DLR grows at slower pace in April
Broadridge’s distributed ledger repo (DLR) saw average daily volumes reach US$368 billion, up 268% year-on-year (YoY) and almost 4% month-on-month (MoM).
A total US$7.7 trillion...
E-trading stumbles in US credit
E-trading in high yield (HY) US credit reduced year-on-year (YoY) in February, despite rising average daily trade sizes.
After taking almost a third of traded...
Tradeweb announces first fully electronic SOFR swap spread trade
Market operator Tradeweb reports it has completed the first fully electronic institutional Secured Overnight Financing Rate (SOFR) swap spread trade. BlackRock and JP Morgan...
Tradeweb and MarketAxess see credit volumes increase over 25% in December
Market operators MarketAxess and Tradeweb have released their December trading levels, with both seeing a monthly increase of 25% in credit trading average daily...
Beyond Liquidity: Bringing the Grey Market to the 21st Century
The grey market exists for one purpose – for bonds to trade in the hours between the announcement of a new issue, and its...
Derivatives: Credit default swaps – The revival
Applying innovation from corporate bond markets to credit derivatives trading could boost liquidity at a point of market stress.
Single-name credit default swaps (CDSs) provide...
Origination: Magnum Ice Cream floats €3bn bond
The Magnum Ice Cream Company (TMICC) has issued a debut €3 billion in bonds following its spinoff from Unilever.
The fixed rate senior unsecured notes...
Wall Street 2022: bonuses fell 26%
Wall Street’s 2022 average bonus paid to securities employees dropped to $176,700, a 26% decline from the previous year’s $240,400, according to New York...
GAM in talks with Newgame after unsuccessful Liontrust bid
Global Asset Management (GAM) has entered into talks with investor group Newgame after the mooted Liontrust bid is now expected not to materialise.
The “constructive...
ICE begins exchange offer for outstanding unregistered 3.625% senior notes
Intercontinental Exchange (ICE) has begun the exchange offer for its outstanding unregistered 3.625% senior notes, due in 2028. They will be exchanged with equivalent...
