Tradeweb’s annual client letter – in full
The annual letter to clients from Tradeweb’s CEO and chair, Lee Olesky, and president and CEO-elect, Billy Hult, has been published, noting the tough...
Editorial: Asset managers wilt as banks impose hose-pipe ban
In the UK, during dry conditions, the government bans the public from using hosepipes in order to conserve water. In 2022, the sell side...
European credit volumes plummet as US stays buoyant
European corporate bond markets have seen trading volumes and trade count collapse going into summer, as the holiday period provides some respite for tired...
ICG names David Saitowitz head of US liquid credit
ICG, a global alternative asset manager, has named David Saitowitz its new head of US liquid credit.
Based in the firm’s New York office, Saitowitz...
FICC sponsored services use rises as central clearing looms
DTCC’s Fixed Income Clearing Corporation’s (FICC) Sponsored Service volumes reached US$2 trillion in 2024, up 83% year-on-year.
As firms prepare for new requirements around US...
Investor Demand: China expands mainland investor access to Southbound Bond Connect
China has taken measures to expand eligibility and volumes on the Southbound Bond Connect programme as it seeks to open up its bond market,...
UPDATED: UBS continues to swing axe
UBS, the investment banking giant has reportedly cut further jobs from its markets division, with many people internally fearing more jobs are to go,...
Greenwich Associates: Growing dealer-client instability
By Pia Hecher.
Market intelligence provider Greenwich Associates found that between 2014 and 2018, there was a 50% increase in the median size of clients’...
LGIM saves US clients’ trading costs but pays US$500k fine for crossing trades
Legal and General Investment Management Americas (LGIMA) has accepted a fine of US$500,000 for failing to comply with Securities and Exchange Commission (SEC) rules...
High Yield issuance is taking off
Comparing corporate bond issuance volumes for 2023 and 2024, we can see that the pattern is frequently a high start to the year, with...
Euroclear launches new subscription-based fixed income liquidity data service
International central securities depositary (ICSD) Euroclear has launched Euroclear LiquidityDrive, a new data service, offering in-depth liquidity analysis on all fixed income instruments settled...
Reviewing 2022: European credit trading costs have doubled
There have been an enormous number of factors shaking up bond trading this year. From fixed income fundamentals like rapidly rising interest rates from...
