LGIM saves US clients’ trading costs but pays US$500k fine for crossing trades
Legal and General Investment Management Americas (LGIMA) has accepted a fine of US$500,000 for failing to comply with Securities and Exchange Commission (SEC) rules...
Emerging market bonds issuance and returns grow
This week we examine the very directional movements of emerging markets (EM) assets under management (AUM), due to investment flows and growing issuance. With...
R3’s Corda powers first digital bond issuance on Euroclear’s digital FMI
R3’s enterprise distributed ledger technology (DLT) platform Corda has supported the first live issuance of a digital bond with Euroclear’s International Central Securities Depository...
High Yield issuance is taking off
Comparing corporate bond issuance volumes for 2023 and 2024, we can see that the pattern is frequently a high start to the year, with...
IHS Markit partners with Adroit to deliver multi-asset execution via thinkFolio
Investment services, risk and data management giant, IHS Markit, has partnered with Adroit Trading Technologies to give access to its multi-asset execution management capabilities...
Corporate bonds : How big is credit? : Joel Clark
STANDING ROOM ONLY FOR CREDIT PLATFORMS.
As corporate bond trading platforms do battle, the size of the prize is not clear. Joel Clark reports.
How much...
Bitcoin, blockchain and the DLT chimera
The uncertain promises of distributed ledger technology for financial markets. By Ferdinando Ametrano, Banca IMI (Intesa Sanpaolo).
Distributed ledger technology (DLT) is at a very...
Bond traders report screen prices are off by 10%
Several buy-side fixed income traders have confirmed that electronic prices are currently around 10% off the price that bonds are actually trading at, creating...
Impact of ICBC hack on trading US Treasuries
Buy-side traders reported limited impacted from the ransomware hack on Industrial and Commercial Bank of China that occurred on Wednesday in US trading hours,...
Is rising credit risk displaying in bid-ask spreads?
US credit markets are seeing a divergence in bid-ask spreads and trade sizes between high yield and investment grade bonds, according to data from...
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...
TD Bank joins LTX as liquidity provider
TD Bank has joined AI-powered corporate bond trading platform LTX’s e-trading platform, via its subsidiary TD Securities Automated Trading.
TD Bank will contribute axes, or...
