BIS: Cut your trading costs in half by cosying up to dealers
A new working paper, written by the Monetary and Economic Department of the Bank of International Settlements, has found that dealer relationships are crucial...
Debt, Outstanding!
The rising level of outstanding debt in the US markets is remarkable – it hit 144% of gross domestic product (GDP) in 2022 according...
JP Morgan veteran poached by Old Orchard Capital Management
Jared Fand has joined New York-based investment management firm Old Orchard Capital Management as a trader, leaving JP Morgan after more than a decade...
Exclusive: BMO Capital Markets, Blaylock Van, and American Veterans Group join DirectBooks
DirectBooks has had BMO Capital Markets, Blaylock Van, and American Veterans Group join its bond issuance platform.
These recent additions increase the total number...
Trading: How to find liquidity in a drought
When market makers offer no bids for corporate bond trades, buy-side traders need to get creative.
Dealers are the main source of liquidity in the...
Hiring spree sees banks bolster fixed-income desks
By Flora McFarlane.
A Greenwich Associates report indicates banks are rebuilding their sales and trading desks in response to several quarters of growth in fixed...
FCA flags gaps in algo governance, testing and surveillance
A new FCA review of algorithmic trading firms has found improvements since 2018. While governance frameworks have matured, the FCA urged closer alignment with...
The Book: DoorDash prepares for US$2 billion private offering
DoorDash has announced a proposed US$2 billion private offering of convertible senior notes, due 15 May 2030.
The food delivery firm has a market cap...
Parameta Solutions becomes an authorised benchmark administrator
Parameta Solutions, the Data & Analytics division of TP ICAP, has become a Financial Conduct Authority (FCA) authorised benchmark administrator, which it claims makes...
BNP Paribas sees yearly boost in FI trading revenues
BNP Paribas was the success story in Q2 2025 fixed income trading, reporting €1.4 billion in revenues. Despite reporting a 16% decline in revenues...
Portfolio trading sees first decline of 2025
Capped estimated investment grade (IG) and high yield (HY) portfolio trading volumes were the highest year-to-date in April 2025, representing approximately 10% of total...
Municipal mean reversion
Dealers are now committing more capital in the muni market but future tax reforms threaten buy-side demand. Chris Hall reports.
Is the US municipal bond...
