Wellington: Internal crossing could have saved US$10-15 million
The Securities and Exchange Commission (SEC) sub-committee the Fixed Income Market Structure Advisory Committee (FIMSAC), has unanimously passed a proposal to support internal crossing...
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...
Tradeweb connects repo and IRS markets in electronic workflow
Multi-asset market operator, Tradeweb has launched features that bridge the firm’s repurchase agreements (repo) and interest rate swap (IRS) product offerings to support clients’...
Rules & Ratings: Rating agencies hit with US$49 million in SEC fines
The SEC has charged six nationally recognised statistical rating organisations (NRSROs) with failures to maintain and preserve electronic communications. In total, more than US$49...
Fixed income’s slow adaptation to payment for research
By Flora McFarlane
While MiFID II’s unbundling rules across the board are in full swing, fixed income is still getting used to the accompanying cultural...
Subscriber
Liquidnet and BondAuction collaborate on OMS connectivity
Market operator Liquidnet, and BondAuction, an auction platform for the primary debt capital markets, are partnering to provide their mutual clients access to BondAuction’s...
Dealers struggle to unpick impact of runs sent to rivals
Sell-side firms say that analysis of the accidental distribution of dealer runs, which happened on 4 December via Bloomberg’s Message service, is proving challenging....
BloombergGPT launches
Bloomberg has released a research paper detailing the development of BloombergGPT, a new large-scale generative artificial intelligence (AI) model.
This large language model (LLM)...
National Australia Bank completes migration to Tradeweb Australia with TransFICC’s One API
National Australia Bank (NAB) has successfully transitioned its trading operations for government bonds and Interest Rate Swaps (IRS) to Tradeweb Australia, utilising TransFICC's One...
Greenwich: RFQ cuts convertible bond spreads in half
New research by analyst firm Greenwich Associates has found that the request for quote (RFQ) protocol is cutting the spreads made by the most...
Credit Market Structure Alliance: The real market agenda
The CMSA, invitation-only event, is setting an agenda based on market professionals’ concerns, and has captured a groundswell of interest.
The DESK: What has been...
Subscriber
FCA “utterly useless” engaging with EU over Brexit
By Chris Hall.
Veteran city commentator Anthony Hilton delivered a harsh verdict on the UK financial regulators’ efforts to support Britain’s finance industry ahead of...
