SEC signs off US Treasury clearing for cash and repo
The US Securities and Exchange Commission (SEC) has adopted a rule designed to reduce risk in the US Treasury market by ensuring that more...
Research: ETFs worsen fixed income liquidity in a crisis
An academic paper has argued that fixed income exchange traded funds (ETFs) “improve bond liquidity in general, but worsen it in periods of large...
FILS USA 2023: More progress needed to advance gender equality
Speakers at FILS US DEI brunch discuss ways to advance equity in the industry.
Women continue to advance their representation, pay, and seniority in...
FILS USA: The roadblocks to electronic fixed income trading
Fixed income markets moving toward electronic trading has been a recurring theme in the industry for a number of year, but there are roadblocks...
Tradeweb reports ADV in June up 35% year-on-year
Tradeweb has reported that its total trading volume for June 2021 reached US$23.1 trillion. Average daily volume (ADV) for the month was US$1.05 trillion,...
CME Group shutters proprietary chat service, onboards Symphony
CME Group has replaced its proprietary CME Chat messaging service with Symphony’s communications platform.
The transition was announced to clients on 25 February, and went...
SMBC joins DirectBooks
DirectBooks, the capital markets consortium founded to make bond issuance more efficient, has seen SMBC Nikko Securities America, a member of SMBC Group, join...
FILS USA 2022: Behind the scenes
The buzz at FILS this year reflects the three-year hiatus from in-person events – and the amount of change that has occurred since then....
Treasury futures open interest shows record uncertainty; surpasses 17 million contracts
Derivatives market operator, CME Group, reports that open interest (OI) in its US Treasury futures reached a record 17,222,551 contracts on 12 May, the...
The credit futures market
By Andreas McGrath, Fixed Income ETF Trader, Susquehanna International Group
How did Susquehanna become involved in this market?
When Eurex first approached Susquehanna in 2021...
Coalition Greenwich predicts electronic revolution for the MBS market
A new study by Coalition Greenwich analyst Audrey Costabile posits that Mortgage Backed Securities trading will electronify over the next five years. Along with...
Bond funds hit by massive fee discounts; active revenues predicted to fall
Bond funds are dropping their investment management fees by up to 37% - in the case of passive funds – from those of the...
