MayStreet expands cash treasury offering with Fenics data
MayStreet, the market data infrastructure provider, has added Fenics US Treasuries (Fenics UST) to its US cash treasury data portfolio. Owned and operated by...
Market Structure: New risk and liquidity in the US Treasury market
Significant changes in counterparties and market structure have transformed US Treasury market activity.
Dealer-to-client trading has overtaken interdealer markets in volume traded according to analyst...
Risk – Redemption shock
If funds are not given daily liquidity by the market, can they support daily redemptions for clients? Chris Hall reports.
When pandemic-fuelled panic hit the...
SEC signs off US Treasury clearing for cash and repo
The US Securities and Exchange Commission (SEC) has adopted a rule designed to reduce risk in the US Treasury market by ensuring that more...
Eurex consolidates asset classes trading and clearing
Eurex has consolidated its equity/index, fixed income, currency and repo operations into two business lines, and named Robbert Booij head of financial derivatives.
The firm...
Splinters of a market
While liquidity in US investment grade (IG) markets has been holding up relatively well, MarketAxess data shows us that the past month has seen...
Origination: Mars issues US$26 billion to acquire Kellanova
Mars Inc has issued US$26 billion in senior notes in a private transaction to fund its acquisition of snacking company Kellanova, formerly Kellogg’s.
The offering...
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...
FILS USA 2023: Finding efficiency in fixed income trading
Market operators seek to expand reach of surprisingly resilient automation.
Fixed income trading has become much more efficient over the years, driven by new technologies...
Liquidnet signs up to the Sustainable Trading initiative
Market operator Liquidnet, part of the TP ICAP Group, has joined a member of Sustainable Trading, a non-profit membership network dedicated to supporting environmental, social...
Shape the debate at next month’s FIX EMEA Trading Conference
What keeps you up at night?
(and what are your peers doing about it?)
• A survey with a difference!
Global Trading, The DESK and FIX...
2023: US govies down 6.3%, corporates up 5.4% YoY
US Treasury issuance was estimated to be almost US$4 trillion across 2023 and Q1 2024, a 305.7% increase on the historical average, with Treasuries...
