OpenDoor launches all-to-all platform in US Treasury market

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OpenDoor Securities has launched a trading platform focussed on the less liquid segments of the US Treasury bond market. Nearly three dozen firms representing...

McKinsey expects greatest FRTB impact on larger European banks

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By Flora McFarlane. The Fundamental Review of the Trading Book (FRTB) will have a greater impact on larger European banks according to a new report...

Trading systems FIXed to Ipreo for bond issuance

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Primary market specialist Ipreo has launched a FIX-messaging based system for integrating the Ipreo Investor Access platform, which allows investors to electronically submit orders directly to...

Hermes appoints Andrew Jackson as head of Fixed Income

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Hermes Investment Management, which has £30.6 billion in assets under management, appointed Andrew Jackson as head of Fixed Income, reporting to Eoin Murray, head...

BoE sets code of conduct for repo and securities lending

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A new voluntary Money Markets Code setting out the standards and best practice expected from participants in the deposit, repo and securities lending markets...

KazMunayGas lists US$2.75 billion of Eurobonds on LSE

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London Stock Exchange (LSE) has seen its largest issuance of corporate bonds from the CIS region since 2014. Kazakh oil and gas company, KazMunayGas,...

Plan to replace Dodd-Frank formally introduced in House of Representatives

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The chairman of the Financial Services Committee in the US House of Representatives, Jeb Hensarling, has formally introduced the Financial CHOICE Act, a proposed...

Sterling dealers recommend SONIA as alternative to LIBOR

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The Bank of England’s Working Group on Sterling Risk-Free Reference Rates – a group of major dealers active in sterling interest rate swap markets – has...
Rick McVey, MarketAxess

Fixed income platforms buoyed as all-to-all expands

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Fixed income electronic trading platform operators have announced record trading volumes in the first quarter of 2017. MarketAxess, platform operator for dealer-to-client and all-to-all trading...

Bloomberg wins over AB and Capital Group with BVAL

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AllianceBernstein (AB) and Capital Group have both selected Bloomberg's evaluated pricing service (BVAL) to benchmark and corroborate end-of-day values for US fixed income portfolio...
Mark Yallop, chair of the FMSB

Bond issuance standardisation boosted by FMSB

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Market participants have published final guidelines that clarify expected behaviour during the new issue process for fixed income bonds in Europe. A series of measures...

EMMI drops Euribor+ methodology due to low transaction volumes

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The European Money Markets Institute (EMMI), a non-profit group established by national banking associations in the European Union, has dropped the Euribor+ methodology, designed to...

Bondecosystem and TransFICC partner for bond market connectivity

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Outsourced connectivity specialist Bondecosystem has partnered with financial technology provider TransFICC, to deliver a low-latency execution and connectivity service to electronic fixed income venues. The...

Will liquidity shifts bend or break US Treasuries?

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Disclosed trading and internalisation are increasing as liquidity is wrung out of dealers and electronic market-makers. Chris Hall reports. As January’s storms ripped holes in...

Ancoa goes into adminstration

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Cinnober Financial Technology has acquired the assets of Ancoa Software, the UK-based market surveillance specialist company, as a going concern. Terms of the deal have...
Dan Barnes

The DESK on Radio 4’s Thinking Allowed

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The Desk's managing editor, Dan Barnes, was a guest on BBC Radio 4's Thinking Allowed, discussing the role of retail traders in the market,...

On The DESK : Nick Greenland : BNY Mellon Investment Management

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Making the team. Nicholas Greenland is managing director for APAC and EMEA, head of broker/dealer relationships for BNY Mellon Investment Management based in London. In...

Algomi: The two-pronged attack plan

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Algomi has an idea almost universally agree to be good, yet it has struggled to get it adopted. It aggregates inventory data pre-trade, in...
Ulf Erlandsson

Granit Funds hires Erlandsson as head of fixed income from AP4

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Granit Funds has recruited Ulf Erlandsson as its head of fixed income starting in August. He comes from the Fourth Swedish National Pension Fund (AP4) where...

PBoC & HKMA: No investment quota for northbound Bond Connect trade

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The People’s Bank of China (PBoC) and the Hong Kong Monetary Authority (HKMA) have given their approval to the local market infrastructure providers to...

Volcker repeal plans challenged

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Ditching the Volcker Rule would have a limited effect on liquidity, but the enthusiasm for change exists. David Wigan writes. The Volcker Rule has been...

What the regulators don’t know about spoofing

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At least 5% of treasuries volume is self-trading yet the legality of these trades is unchecked. Dan Barnes, reports. Self-trading is defined as a transaction in...

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...
Mike Rosborough, CalPERS

Mike Rosborough, CalPERS: On truth and transparency

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Dating back to the 1930s, the California Public Employees Retirement System (CalPERS) is the largest pension fund in the United States. Mike Rosborough, senior portfolio...