Emerging markets see liquidity costs decline
The cost of liquidity in emerging markets appears to be falling for fixed income traders. Looking at MarketAxess’s CP+ consolidated price feed, and cross-referencing...
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...
MarketAxess volumes up 16.4%; EM and all-to-all lead growth
By Pia Hecher.
Venue operator and data provider MarketAxess has announced its second quarter results with significant upward trends in overall trading volume, including Open...
Potential SEC pilot programmes explored by new bond committee
The Securities and Exchange Commission’s Fixed Income Market Structure Advisory Committee (FIMSAC) explored the possibility of prescriptive intervention to accelerate bond market structure and...
Meet the consolidated tape contenders
Europe’s development of a consolidated tape for trading data now has clear front runners and benefits.
Three firms have confirmed they will compete to be...
Norges Bank adopts Bloomberg E-Bond for government securities
Norges Bank, the central bank of Norway, has adopted Bloomberg E-Bond as the trading platform for its inter-dealer market in Norwegian government bonds and...
Fixed income fees normalising at JP Morgan
JP Morgan’s fixed income revenues in the fourth quarter of this year are expected to be 10% lower than the record final quarter of...
UBS’s Slade announces major changes in DCM team
David Slade, global co-head of leveraged and debt capital markets (LDCM) at UBS has announced in an internal memo, seen by The DESK, that...
Oscar Kressner joins Millennium
Oscar Kressner has joined alternative asset manager Millennium Management Global Investment, as a portfolio manager covering global macro investing. Millennium, which has US$56 billion...
CME Group set to clear US cash Treasuries
A CME Group representative has confirmed to The DESK that the company is set to enter US Treasury clearing.
The news was first reported...
Liquidnet sees surge in e-trading activity, ‘record-breaking’ week for Europe’s primary market
Liquidnet has reported a record-breaking week for electronic new issues trading for the week commencing 8 January. Records were broken in terms of volumes,...
Barclays hit by US$450 million loss on ETNs
Barclays has reported it has made an estimated loss of US$450 million on exchange-traded notes (ETNs). As the bank noted in a statement, ETNs...
