StoneX builds out FCM presence with RJO acquisition
StoneX Group has agreed to acquire futures brokerage and clearing firm RJ O’Brien & Associates (RJO).
RJO generated approximately US$766 million in revenue in 2024,...
Markets Media Group Purchases Best Execution and The DESK
MARKETS MEDIA GROUP PURCHASES BEST EXECUTION AND THE DESK.
February 3rd, New York & London.
Acquisition Expands Markets Media’s Footprint into Europe
Leading U.S.-based digital financial...
ICE ties BondPoint into broader fixed income strategy
By Flora McFarlane.
Intercontinental Exchange has completed its acquisition of BondPoint from Virtu Financial, signalling its continued expansion in the fixed income market.
BondPoint, an alternative...
US Treasury market change catalysed by proprietary trading firms
Proprietary trading firms are driving change faster than the interdealer brokers, writes David Wigan.
Direct streaming of pricing data is changing the historical client/dealer relationship...
The Book: Who will drive reform in primary markets?
Primary market practices are under pressure to change, however the urgency and direction given for adaptation are often skewed by specific market participant groups.
The...
Fear that ‘diversity washing’ could limit progress
Mark Wade, head of credit research at Allianz Global Investors, has accused the financial services industry of ‘diversity washing’, during a debate about inclusivity...
Market data costs in spotlight under new FCA review
The UK’s Financial Conduct Authority (FCA) has issued a call for input (CFI) to better understand how data and advanced analytics are being accessed...
Odd-lot bond case alleges pressure on Bloomberg and collusion
In the US Southern District Court of New York, a class-action lawsuit has been brought against a group of banks, alleging that since 1...
Charles River and OpenDoor connect to enhance fixed income offering
By Flora McFarlane.
Charles River has announced a partnership with OpenDoor to provide clients with access to OpenDoor’s all-to-all US Government bond platform, expanding access...
Can retail order flow impact institutional trading?
A new trend or only a one-off? Gherardo Lenti Capoduri, head of Market Hub & Umberto Menconi, head of Digital Markets Structures, Market Hub, talk...
US credit trade sizes swell YoY in May
US credit trading volumes were at their lowest year-to-date in May, but still showed considerable year-on-year (YoY) growth in both trade sizes and volumes.
Average...
CMSA – The drive to change industry dialogue in corporate bond markets
To create a wider dialogue around industry change, the Credit Market Structure Alliance (CMSA) is building an event with a democratic agenda.
The DESK: Why...
