ICAP and the buy side – the beginning of something?

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A consensus-led approach has allowed the interdealer broker to overcome political challenges, as brokers open a channel for their investment management clients. Dan Barnes...

BTMU fined for spoofing in Treasury futures

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By Flora McFarlane. On 7 August the Commodity Futures Trading Commission (CTFC) fined The Bank of Tokyo-Mitsubishi UFJ (BTMU) for spoofing, submitting orders that are...

Credit : Falling through the gaps

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Asset managers fight for high-touch coverage Relationship management between buy- and sell-side firms is more necessary than ever, as the push to electronic trading risks...
Jason Quinn, Trumid Labs

Trumid launches continuous bond pricing platform

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By Flora McFarlane. Trumid has announced the launch of its new service, the Fair Value Model Price (FVMP), for continuous bond pricing which produces a...

Tradeweb all-to-all for Europe after summer

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Following the announcement of all-to-all trading on its US Credit platform, Tradeweb Europe will also be launching the functionality in H2 2017. The system, 'Blast...

BNP Paribas joins with GTS for US Treasuries trading

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By Flora McFarlane. BNP Paribas has announced today that it has teamed up with quantitative trading firm, GTS, to access US Treasuries trading, signalling the...

Izzy Conlin & Bryan Knapp: On cutting through complexity

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There is nothing simple about the task facing BlackRock’s dealing teams, who trade for some of the world’s largest fixed income positions. For Izzy...

Fixed income up as investment bank revenues and headcount drop

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Fixed income, currencies and commodities (FICC) revenues were up 3% year-on-year for investment banks in 2019, halting a two-year slide, according to the latest...

The burgeoning portfolio trading business

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Electronic portfolio trading offers an efficient execution channel for baskets of bonds, but Lynn Strongin Dodds finds there are several barriers to growth. Portfolio trading...
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MiFID II has fallen short on transparency say traders

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MiFID II has fallen short on transparency and will potentially create tiered access to market information, says Juan Landazabal, global head of fixed income...

Is portability via indirect clearing under threat?

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As sell-side relationships are harder to come by, indirect clearing offers hope for smaller buy-side firms, but without mandated asset segregation many may find...
Matthew Hodgson

Bond funds hit by massive fee discounts; active revenues predicted to fall

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Bond funds are dropping their investment management fees by up to 37% - in the case of passive funds – from those of the...

The trouble with Treasuries

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The DESK asks Susan Estes, CEO, OpenDoor Trading LLC., for her insights into the US Treasuries market. How would you describe the depth and width...

SEC pushes for transparency of municipal bond issuers

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By Pia Hecher. US market regulator the Securities and Exchange Commission (SEC) amended its Securities Exchange Act on 20 August 2018, to enhance disclosure of...

FCA “utterly useless” engaging with EU over Brexit

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By Chris Hall. Veteran city commentator Anthony Hilton delivered a harsh verdict on the UK financial regulators’ efforts to support Britain’s finance industry ahead of...

Credit : Back for good : David Wigan

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Cautious optimism on Dodd Frank roll-back. The US regulatory response to the financial crisis has shifted trading risk from sell-side to buy-side desks, making reform welcome....

Charles River Development to be acquired by State Street Corporation

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Charles River Development, provider of the Charles River Investment Management Solution (IMS), will be acquired by State Street Corporation, a deal expected to be...

Could ‘Fortnite’ guide market evolution

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Online game ‘Fortnite’, Netflix and Spotify will drive technological advances in e-trading, Steve Toland, founder of TransFICC, told delegates at the Fixed Income Leaders...

Liontrust – The trading team built for growth

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Matt McLoughlin, partner and head of trading at Liontrust Asset Management, explains why expanding trading capabilities to match AUM and asset class growth needs...

Data analytics is nothing without the people who use it

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We are in the midst of a data analytics and artificial intelligence (AI) hype cycle. Every week yields a crop of new articles on...

Viewpoint : CDM : Massimo Morini & Andrea Prampolini

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CDM FOR SECURITIES: THE MISSING DIGITAL LINGUA FRANCA? By Massimo Morini, head of interest rates & credit models, and Andrea Prampolini, head of financial markets...

EC: ESMA should run consolidated tape for fixed income

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By Flora McFarlane. An expert group organised by the European Commission to analyse the European corporate bond market has issued recommendations aiming to make issuance...

Deutsche Börse invests US$10 million in Trumid

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By Flora McFarlane. Deutsche Börse Group has announced a “strategic investment and partnership” with New-York based Trumid, a company that provides an electronic trading network...

Municipal mean reversion

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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...