Falling emerging market liquidity costs reversed with Fed concerns
Traders in hard currency fixed income emerging markets have seen a decline in the costs of liquidity this year, according to data from MarketAxess’s...
AiEX Opens New Chapter for Trading in APAC
By Laurent Ischi, Head of APAC Automation, Tradeweb.
When it comes to the increased adoption of electronic trading in interest rate swaps and other derivatives...
The new normal: Top 2024 market structure trends
A new report from Coalition Greenwich outlines the trends set to define markets in 2024, with insights gleaned from clients and ongoing research.
Dan Connell,...
FCA warns on permissions needed for MiFID II
By Sobia Hamid.
Firms who need to change their regulatory permissions as a result of MiFID II, in effect from 3 January 2018, are advised...
Origination: BMO issues US$1 billion in 60-year notes
The Bank of Montreal (BMO) has issued US$1 billion in additional tier 1 limited recourse capital notes (LCRN).
The series six LCRNs have a 6.875%...
Mooted consolidated tape advisory committee needs reform, ESMA group says
The European Securities and Markets Authority’s (ESMA) Securities and Markets Stakeholder Group (SMSG) has reaffirmed its support for a consolidated tape, but outlined ways...
Visualising aggressive pricing pressure on trading costs
Analysing year-to-date volume and trade number data from MarketAxess’s TraX database for US credit, and correlating it with the weekly average MarketAxess CP+ bid-ask...
Massaad Scott leaves Nomura as new London prop desk closes, again
Sources have confirmed to The Desk that Pamela Massaad Scott has left Nomura following the closure of the bank’s proprietary trading desk in London,...
SEC: Leech charged with cherry picking trades for WAMCO funds
The SEC has charged Ken Leech with fraud. The bond trader was former co-chief investment officer at Western Asset Management (WAMCO), which holds US$336.1...
Raiffeisen Bank rolls out Chronicle FIX for global ETD business
Chronicle Software, a specialist provider of low-latency microservices and technology for financial services, has expanded its footprint in Raiffeisen Bank International.
The bank has rolled...
TSE and Tradeweb respond to investor ETF demand
Tradeweb has connected to the Tokyo Stock Exchange’s (TSE) request-for-quote (RFQ) platform Conneqtor as demand for ETFs jumps up by a third in Asia....
Jefferies increases credit focus with Hildene acquisition
Jefferies has acquired 50% interest in Hildene Holding Company, parent company of credit-focused Hildene Capital Management and its affiliates.
Hildene Capital Management holds more than...
