FILS 2022: How ‘Giltmageddon’ could hit LDI specialists and drive new regulation
Traders at the Fixed Income Leaders Summits (FILS) largely reported that bond markets were quiet this week, with high yield and emerging bond markets...
Trading: Regulatory overreach onto the trading desk
Complaints about regulators expanding rules for equity markets into fixed income are rising on both sides of the Atlantic.
The Securities and Exchange Commission (SEC)...
The cost of transparency and the value of information
Transparency can smell like information leakage by any other name, to butcher a Shakespeare quotation. Giving up information needs to happen at the latest...
MarketAxess: Europe seeing elevated rates trading volume
Following the news that yields for Eurozone government bonds have been rising this week, MarketAxess has shared average daily volume data from the European...
CSG closes portfolio financing, sells US$15 million in bonds
Real estate and renewable energy financial services company Churchill Stateside Group has sold US$15 million of short-term cash collateralised, tax-exempt bonds to financial institutions,...
AFME welcomes ESMA ‘call for evidence’ on shortening settlement cycles
In response to a ‘call for evidence’ on shortening settlement cycles in the European Union (EU), published by the European Securities and Markets Authority...
Fidelity International: “A new era for interest rates”
Steve Ellis, global chief investment officer for fixed income at Fidelity International has outlined dynamics which could affect debt markets in 2023.
“Fixed income markets...
EC launches wide ranging review of MiFID II/MiFIR and investment firms
The European Commission (EC) has launched a ‘Review of the regulatory framework for investment firms and market operators’ to capture any perceived changes needed...
Power to the people
New trading protocols can create paths to best execution or confound it through complexity. Chris Hall reports.
“Every nation gets the government it deserves” was...
SIX Swiss Exchange sees 36.5% jump in ETF trading turnover, but fixed income fails...
The Swiss stock exchange, operated by SIX, saw a notable increase in exchange traded funds (ETFS) activity for August – with 5.7 billion turnover...
Major firms rally around software standardisation
Major firms rally around software standardisation
The new OpenFin operating system, designed for use in finance houses, has gained considerable support for an initiative to...
Balancing short and long term liquidity provision
Best execution on a trade-by-trade basis is too simplistic a measure of liquidity provision; The DESK looks at best practice for longer term liquidity...
