“Complete misunderstanding … or try[ing] to baffle people”; Lutnick counters Duffy
BGC Group’s Q2 earnings call this week wasted no time at all before addressing the ongoing spat between CEO Howard Lutnick and CME CEO...
Mizuho’s DCM revenues break into global top ten
Global debt capital markets (DCM) revenues remained almost identical year-on-year (YoY) for the first nine months of 2025, with Mizuho the only new entrant....
SEC’s issuer proposal on cyber security risk ‘a step further than Sarbanes Oxley’
US market regulator, the Securities and Exchange Commission (SEC), has proposed amendments to its rules to enhance and standardise disclosures regarding cybersecurity risk management,...
FIX Trading Community releases guidelines on commission unbundling
By Flora McFarlane.
A new report has set out practices to follow for pre- and post-trade representation of commission steps across all asset classes.
With under...
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How Tradeweb helped BBVA AM
Portfolio Trading offers a highly efficient channel for sourcing liquidity from ETF market-makers, which are frequently pricing credit bonds in real-time to facilitate fixed-income...
S&P Global: European bonds slump to lowest first-half volume since financial crisis
By Thomas Beeston
European high-yield bond issuance is set for the lowest first-half total since the global financial crisis, as volatile interest rates and fears...
BIS: Cut your trading costs in half by cosying up to dealers
A new working paper, written by the Monetary and Economic Department of the Bank of International Settlements, has found that dealer relationships are crucial...
The DESK Research: Which trading protocols are buy-side firms using?
Primary research finds a distinct break between trading for active and passive portfolios across non-comp trading and auto-execution.
The DESK surveyed 30 buy-side trading...
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Research: Trading Protocols Survey 2022
In comp vs non-comp trading polarises across electronic and voice.
The DESK’s Trading Protocols Survey 2022 has found a continuing movement of corporate bond trades...
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Sidi Shatku poached by BofA
SMBC’s former head of Emerging Markets (EM) Credit Trading in Europe, Middle East and Africa (EMEA), Sidi Shatku, has joined BofA’s EM credit trading...
TransFICC: Establishing a clear path forward for the Consolidated Tape
Tim Whipman from TransFICC provides an update on the consolidated tape for European fixed income, and explains the key requirements, hot topics and technology...
UBS Switzerland completes Credit Suisse (Schweiz) AG merger
UBS has completed the merger of UBS Switzerland AG and Credit Suisse (Schweiz) AG, with the latter now deregistered from the Commercial Register of...

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