Buy side reports price movement risk in Treasury trading
Automated trading and derivatives are changing the way US Treasuries are traded, exposing the buy side to high-frequency trading strategies. Chris Hall reports.
If big...
Tradeweb to acquire US treasury algo execution firm r8fin
Tradeweb, operator of electronic marketplaces for rates, credit, equities and money markets, is set to acquire r8fin, a technology provider that specialises in algorithmic-based...
EM traders ride out the chaos
It would be understandable if trading in emerging markets (EM) debt were becoming more expensive as risk increased in many markets it makes up,...
End to End CSDR Processing – Roles, Responsibilities, and Issues for all Participants
On 22nd July, 2020 a panel of market participants discussed the detailed implications of the Central Securities Depository Regulation (CSDR).
The panel comprised, J.R. Bogan,...
Raiffeisen partners with AxeTrading and Integral to boost bond trading efficiency
Raiffeisen Bank International (RBI) has partnered with AxeTrading, the fixed income trading software company, and Integral, the FX technology provider, to deliver a new...
Ben Wheeler joins RLAM’s fixed income team
Ben Wheeler has joined Royal London Asset Management (RLAM) as a fixed income trader.
Wheeler joins RLAM from AIG Asset Management where had worked since...
EMSs connect the dots in bond trading
Increased integration between venues and trading tools could herald far greater automation.
Moving a fixed income order from a portfolio manager to a counterparty is becoming...
Rosy picture for credit dealers as they lower IR risk
US dealer exposure to interest rate risk in their investment grade (IG) bond inventories hit its lowest level for twelve months in week of...
The $21.6 trillion question: How many regulators does it take to change a lightbulb?
The US$21.6 trillion US Treasury market is confounded by a lack of transparency and very short-term liquidity provision, according to a new joint staff...
Portfolio trading proves transformational, but controversial
The US market has been transformed by portfolio trading (PT) this year, with estimates that PT makes up somewhere between 25-40% of dealer-to-client (D2C)...
The beginning of the end (of liquidity provision)?
Bid ask spreads are widening in US investment grade credit, according to MarketAxess’s CP+ data, which may signal the traditional end-of-year withdrawal of dealer...
OpenDoor launches all-to-all platform in US Treasury market
OpenDoor Securities has launched a trading platform focussed on the less liquid segments of the US Treasury bond market. Nearly three dozen firms representing...
