Trading: Regulatory overreach onto the trading desk
Complaints about regulators expanding rules for equity markets into fixed income are rising on both sides of the Atlantic.
The Securities and Exchange Commission (SEC)...
IHS Markit and CBPC open up China’s bond market with new onshore indices
By Shobha Prabhu-Naik.
Business information provider IHS Markit has launched new onshore Chinese bond market indices, which it claims are the first international, independent fixed...
Hunstad and Roth take investment reins at NTAM
Northern Trust Asset Management (NTAM) has named Michael Hunstad and Christian Roth global co-chief investment officers, effective 1 June.
They replace Angelo Manioudakis, who has...
Analysis: Impact of diverging capital rules and higher rates on banking
A new paper by analysts from Morgan Stanley and Oliver Wyman has identified two main drivers for change within wholesale banking over the next...
Banks see strong Q3 across credit, rates following heightened activity earlier in the year
A new report by analyst firm Crisil Coalition has found that the unprecedented levels of volatility and trading activity seen in the first half...
Market structure: Is e-trading plateauing?
The overall pace of bond market electronification is slowing, but trading evolution is not linear.
Electronic trading has grown as a proportion of total trading,...
CFTC fines Nasdaq Futures over “false and misleading statements”
Nasdaq Futures has received a US$22 million penalty from the Commodity Futures Trading Commission (CFTC) for failing to sufficiently establish, monitor or enforce rules...
Italian engineering
The longstanding debt market in Italy offers a good source of insight into the impact of changing rules around best execution and transparency in...
Cboe begins publishing VIXTLT index to enhance volatility tracking
Cboe Global Markets has begun publishing intraday values for its 20+ Year Treasury Bond ETF Volatility Base Point (VIXTLT) Index.
The VIXTLT Index allows market...
SMBC Nikko, first addition to the primary dealer list since 2022
On 3 February 2025, SMBC Nikko Securities America, Inc. (SMBC Nikko America), a registered broker-dealer and direct subsidiary of SMBC Americas Holdings, Inc., was...
Concannon to take the reins at MarketAxess
Market operator, MarketAxess, will see current CEO and chairman Rick McVey become executive chairman from 3 April 2023 as Chris Concannon, currently president and...
Muni market booms, e-trading crawls
Despite rising trading activity in the US municipal bond market, electronic trading remains a small component of the market, up just 0.6 percentage points...
