Beyond Liquidity: Bringing the Grey Market to the 21st Century
The grey market exists for one purpose – for bonds to trade in the hours between the announcement of a new issue, and its...
Vanguard and BlackRock get stuck into active bond funds following ‘horror show’ in 2022
In a new paper entitled ‘Active Fixed Income Perspectives Q3 2022: Bonds are back’ the fixed income team at investment giant Vanguard, led by...
Industry viewpoint : Regulation & data : MTS
Securities Financing Transactions Regulation (SFTR)
Q&A with Tom Harry, Regulatory Specialist, MTS
How well prepared are institutions for the impending requirements of SFTR?
Most repo market participants...
High Yield did not get the ‘trade size’ memo
High yield trade sizes are continuing to rise in 2024, and its bonds continue to show signs of increasingly manual trading. As bond markets...
Virtu launches liquidity scoring tool for fixed income
Electronic liquidity and technology provider, Virtu Financial, has expanded its multi-asset transaction cost model offering with the launch of Fixed Income Agency Cost Estimator...
Beyond Liquidity: The Promised Land
Primary bond market technology has delivered a steady stream of notable enhancements in recent years, with a small number of platforms and niche service...
PBoC & HKMA: No investment quota for northbound Bond Connect trade
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...
How big can systematic trading get in credit?
Investors can achieve significant advantages though systematic trading, such as reduction of trader/investor bias, and responsiveness to signals. However, there are limits to the...
UBS AM: Central bank mandates could change as deficit spend grows
Barry Gill, head of investments, UBS Asset Management has said that the market volatility seen in US markets following Trump’s 2016 election victory may...
SEC pushes for transparency of municipal bond issuers
By Pia Hecher.
US market regulator the Securities and Exchange Commission (SEC) amended its Securities Exchange Act on 20 August 2018, to enhance disclosure of...
Price volatility in credit
We saw a big drop in average bid-ask spreads (>7%) for US investment grade (IG) last week, possibly a response to the massive levels...
Making a credit desk simpler
Getting a clear picture of the complex corporate bond market means that at some point, a lot of information has to be brought together...
