Quantum leap: HSBC, IBM improve bond RFQ fill rate by 34% 

Quantum leap: HSBC, IBM improve bond RFQ fill rate by 34% 

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HSBC and IBM have reported a 34% improvement in fill-rate modelling for bond request-for-quote (RFQ) using quantum-generated features and common data science algorithms.  The bank–technology...
Bloomberg Terminal outage: “Fortunately it was a quiet day”

Bloomberg Terminal outage: “Fortunately it was a quiet day”

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Bloomberg Terminals went dark this morning, with traders reporting outages worldwide. The terminal costs between US$24k and US$27k per year. Eric Boess, global head of trading...
European trading strained in high yield

European trading strained in high yield

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Comparing European high yield (HY) and investment grade (IG) corporate bond data from MarketAxess, the pressure for traders and investors in high yield markets...
CME, DTCC boost cross-margining services

CME, DTCC boost cross-margining services

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DTCC and CME Group have expanded their cross-margining initiative for clients of CME and the Government Securities Division (GSD) of DTCC's Fixed Income Clearing...
Primary markets see gradual progress as Investor Access reaches 600 buy-side users

Primary markets see gradual progress as Investor Access reaches 600 buy-side users

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A quick straw poll of buy-side traders suggests most believe the electronification of primary markets has stalled somewhat, with twice as many seeing progress...
Platform volumes in May up on 2019 levels

Platform volumes in May up on 2019 levels

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Market operator MarketAxess has seen a monthly trading volume for May 2020 of US$520 billion consisting of $229 billion in credit volume and $291...
Industry viewpoint : Mark Goodman : UBS

Industry viewpoint : Mark Goodman : UBS

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THE PERILS OF NOSTALGIA. Mark Goodman, Managing Director, Global Head of Electronic Trading – FX, Rates and Credit at UBS. ‘Nostalgia’ is a modern word, coined by a...
SIX tokenises corporate bonds to expand investor base

SIX tokenises corporate bonds to expand investor base

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SIX Digital Exchange (SDX) has completed its pilot project tokenising corporate debt instruments in collaboration with Banque Pictet. Fractional quantities of the tokenised assets were...
Chris Gerlach joins MUFG

Chris Gerlach joins MUFG

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MUFG Securities Americas has hired Christopher Gerlach, a highly experienced credit derivatives and cash bond trader, as a director. He joins from BNP Paribas...
The reward of risk

The reward of risk

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By Larry E. Fondren, Founder & CEO, DelphX Capital Markets Inc. Traditional risk/reward comparisons treat the effective cost of an investment’s risk as a decrement...
The Book: Who will drive reform in primary markets?

The Book: Who will drive reform in primary markets?

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Primary market practices are under pressure to change, however the urgency and direction given for adaptation are often skewed by specific market participant groups. The...
ICE: Optimizing the data pipeline for buy-side trading desks

ICE: Optimizing the data pipeline for buy-side trading desks

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Buy-side bond traders can enhance execution through a flexible data offering. The DESK spoke with Mark Heckert, ICE’s Chief Operating Officer of Fixed Income...