ICMA highlights key ‘dysfunctional’ areas of credit market
The International Capital Markets Association has reported on March’s sell-off and the impact on the corporate bond market, noting that “by March 18, considered...
Michelle Neal leaves New York Fed for private sector
Michelle Neal is leaving the Federal Reserve Bank of New York, effective March 2025, for payment systems developer Fnality.
Neal has been an executive vice...
Credit: The big takeaways from FILS Europe
In a market ‘obsessed’ with yield pick up, seeing considerable inflows into bond funds, corporate debt is getting bought up en masse. While this...
The inaugural European Markets Choice Awards – shortlist
Best Execution and The DESK are delighted to announce the inaugural European Markets Choice Awards sponsored by Instinet and Tradeweb.
The Awards recognise excellence and...
MarketAxess Q2 update: Claims 20% share global credit trading; portfolio trading ‘flattened out’
MarketAxess has reported its Q2 results for 2022, including a record composite corporate bond market share, estimated at estimated 20.2%, up from 17.8% in Q1 2021...
Emerging Markets Focus Part 2: Illiquidity in numbers
When investment flows are heavily directional it can make trading more challenging, as most investment firms are selling into a downward market or buying...
Buy side wants new tools in primary market tsunami
Several buy-side traders report new primary bond market tools could come online this year in the US, with dealer consortium DirectBooks expected to step...
Barclays now streaming prices into MarketAxess Live Markets
Barclays has committed to become a dedicated market maker and is actively contributing streaming prices for US investment grade corporate bonds to the MarketAxess...
Barclays argues lower capital costs on gilts supports UK borrowing
Barclays has published a report making the case for lowering capital costs to hold UK government debt, in order to lower the costs fo...
How much credit should dealers get – and for how much risk?
There is a tension between best execution obligations and the longer-term value of a dealer supporting liquidity provision. Buy-side traders are aware that their...
Olthof returns to ING
Rutger Olthof has rejoined ING as director of fixed income origination sales. He is based in Amsterdam.
ING reported €5.9 billion in total income for...
Fixed income dominates LSEG and Deutsche Borse Q3 revenue
Fixed income revenue led the banks’ Q3 results, boosting overall growth.
LSEG’s capital markets revenue was up 24.8% year-on-year (YoY) in Q3 2024, reaching £468...
