SEC fines MIMBT $79.8m for overvaluing 4,900 CMOs
Investment adviser Macquarie Investment Management Business Trust (MIMBT) has been fined US$79.8 million for overvaluing around 4,900 largely illiquid collateralised mortgage obligations (CMOs).
The US...
Seeing the pressure market makers are under in European credit
Secondary market data paints a picture of the challenges faced by sell-side market makers in the European corporate bond market during Q4. Information from...
The effect of trade sizes on high yield liquidity costs
Trading in high yield markets across the Atlantic is diverging considerably, with average trade sizes and bid-ask spreads tracking quite different patterns, according to...
Interactive Brokers expands global bond offering
Interactive Brokers, an automated global electronic broker, has expanded its global bond offering within the IBKR Bond Marketplace, with regards to liquidity and trading...
The Book: Global DCM deal values drop year-on-year
Global debt capital markets (DCM) deal values have dropped year-on-year over 2025 so far, falling below the five-year average, according to Dealogic data.
The US$3.1...
UK to allow shorting of government debt and sovereign CDS
The UK Government has said it will remove requirements currently placed on investors when taking out short positions in sovereign debt or sovereign credit...
Lead : Crossing trades & best execution : Dan Barnes
The best ways to cross‑trade
Crossing trades between funds is operationally complex but rewarding for investors and asset managers; using platforms to standardise the process...
Tradeweb announces first fully electronic SOFR swap spread trade
Market operator Tradeweb reports it has completed the first fully electronic institutional Secured Overnight Financing Rate (SOFR) swap spread trade. BlackRock and JP Morgan...
Moody’s: Speculative-grade credit default rate to rise in 2023
Moody’s Investor Services expects the global speculative-grade corporate default rate to rise in 2023 as slowing economic growth, higher input costs and rising interest...
TORA integrates Neptune to boost fixed income OEMS
Trading technology provider, TORA, is integrating its leading order/execution management system (OEMS) with Neptune Networks, the pre-trade data connectivity source. The new connection enables...
Are issuers predicting a 6% Fed Funds rate?
Bond issuance has continued to beat expectations in February 2023. Last month saw 774 investment grade bonds issued globally, for a notional value of...
Analysis: Fixed income e-trading platforms still seeing outperformance in March
Major electronic bond trading platforms have reported record trading volumes across several sectors of fixed income, supporting the contention that increased adoption last year...
