Bond-trading broker-dealer charged for allegedly bankrupting firm
The Securities and Exchange Commission (SEC) has charged Keith Wakefield, a former managing director and head of fixed income trading at IFS Securities, an...
FCA tells asset managers to focus on liquidity risk after finding some firms lacking
The UK’s Financial Conduct Authority (FCA) has told asset managers to increase their focus on liquidity risk, stating gaps in liquidity management could lead...
Industry viewpoint : MTS : David Parker
Revolution over evolution: The corporate bonds landscape
David Parker, Head of MTS Markets International
Over the last two years, electronic trading of corporate bonds has rapidly...
Dealers face crunch on platform trading costs
As bid-ask spreads tighten and fees rise, dealers question making markets in credit.
It does not take a quant to understand that tighter bid-ask spreads...
Exclusive: MarketAxess trials new mid-point session protocol Mid-X
On Tuesday, MarketAxess ran the first session of a new mid-point matching tool, Mid-X, with over 50 participants. The new trading protocol is session-based...
Nash Panchal named new CIO at MarketAxess
Bond market operator, MarketAxess, has named Nash Panchal to succeed Nick Themelis as MarketAxess’ chief information officer (CIO). MarketAxess previously announced Themelis’ retirement from...
Coding error triggers US$7 million fine for Citadel
The Securities and Exchange Commission has settled charges against broker-dealer Citadel Securities for violating a provision of Regulation SHO, the regulatory framework designed to...
CUSIP issuance up YoY, but March decline signals concern
Year-to-date CUSIP issuance, which is indicative of new debt securities being issued, has increased year-to-date against 2024 figures, according to CUSIP Global Services (CGS).
Its latest...
Rules & Ratings: Covered clearing agencies subject to new risk management rules
The SEC has amended rules related to the risk management and resilience of covered clearing agencies, introducing new requirements around intraday margin collection and...
E-trading bond platforms outperform banks’ Q3 in fixed income trading
Market operator Tradeweb has seen a strong Q3 revenue against the same quarter in 2020, while electronic bond-trading MarketAxess has seen a slight decrease...
Spitz to lead Flow Traders
Flow Traders has named Thomas Spitz as CEO, effective 1 September, subject to shareholder approval.
He replaces Mike Kuehnel, who has been CEO for the...
Mandatory central clearing: More resilient treasury market expected
Mandatory central clearing is expected to make the market safer and more resilient. But there is a catch. The new regulations – set to...
