Jamie Crank promoted at ASX
ASX has appointed Jamie Crank as group executive for technology and data, effective 9th September.
The appointment follows “an extensive external and internal search process”,...
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...
CMA scuppers ION’s fixed income ambitions?
Trading systems giant ION will have to sell the fixed income business of recently acquired Broadway Technology if it wants to allay concerns and...
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...
Matthew Walters joins Susquehanna
Susquehanna has appointed Matthew Walters as head of credit platform sales, a source has revealed to The DESK. He reports to Justin Lada, head...
Why Europe’s electronic credit trading is accelerating
The level of electronic trading in European corporate bond markets has overtaken the US, according to analysis from firms including Propellant and Coalition Greenwich....
Traders grapple with bigger syndicates and more issuance
To handle wider syndicates and greater volumes of issuance, traders cannot rely on manual processes. Chris Hall investigates.
“There has been no real improvement in...
TS Imagine EMS integrates with Appital’s bookbuilding platform
TS Imagine, the trading, portfolio and risk management solutions provider, has integrated its multi-asset execution management system (EMS) with Appital’s bookbuilding platform to provide...
Splinters of a market
While liquidity in US investment grade (IG) markets has been holding up relatively well, MarketAxess data shows us that the past month has seen...
LedgerEdge goes live with eagerly anticipated bond trading platform
LedgerEdge, the distributed ledger ecosystem for trading bonds has gone live with a regulated corporate bond trading platform built using distributed ledger technology (DLT),...
SEC – controversially – moves to standardise best execution rules for broker-dealers
The Securities and Exchange Commission (SEC) is proposing new rules under the Securities Exchange Act of 1934 relating to a broker-dealer’s duty of best...
APAs and SmartStream RDU open Systematic Internaliser Registry to market
The SmartStream Reference Data Utility (RDU), in collaboration with a group of Approved Publication Arrangements (APAs), including Bloomberg, Deutsche Boerse, NEX Regulatory Reporting, TRADEcho,...
