Mizuho Securities looks to China expansion
Mizuho Securities, a subsidiary of Mizuho Financial Group, has submitted an application to the China Securities Regulatory Commission (CSRD) to establish a securities company...
Technology: What large language models do to the trading desk
LLMs are already adding value to trading teams.
The advent of Open AI’s Chat Generative Pre-trained Transformer (ChatGPT) tool has generated as many column inches...
FILS 2022: Could ESMA ban RFQs?
The future of the request for quote (RFQ) protocol was being challenged both on and off stage at the Fixed Income Leaders’ Summit in...
High Yield did not get the ‘trade size’ memo
High yield trade sizes are continuing to rise in 2024, and its bonds continue to show signs of increasingly manual trading. As bond markets...
Rules & Ratings: S&P warns on forecast uncertainty
S&P Global Ratings has said it believes a high degree of unpredictability exists around policy implementation by the US administration and possible responses regarding...
Bloomberg introduces new fixed income pre-trade TCA model
Bloomberg has launched a new pre-trade transaction cost analysis (TCA) model that helps market participants to assess trade cost, daily executable volume, and probability...
Marex opens EM credit desk
Marex has launched an emerging markets (EM) credit desk.
The desk covers both sovereign and corporate debt, and is part of Marex’s broader cross-asset platform....
Barclays: European portfolio trading to hit 18% in three years
Portfolio trading share in Europe’s investment grade market could get closer to that of the US from its current 10–12% level in volume to...
MarketAxess to buy MuniBrokers
Bond market operator MarketAxess has agreed to buy MuniBrokers, a central electronic venue serving municipal bond inter-dealer brokers and dealers.
MuniBrokers connects 14 municipal securities...
Can TCA work for voice/chat credit trades?
Transaction cost analysis (TCA) – or execution quality analytics (EQA) – is a much sought after, but often objectively challenged, service in corporate bond...
Daniel Collins swaps gold for rates at Aurel BGC
Daniel Collins has joined Aurel BGC to head up its futures and options (F&O) rates team in Dubai, a month after winning a gold...
ICMA says execution and order management systems are not trading venues
The International Capital Markets Association (ICMA) has responded to the European Securities and Market Authority (ESMA) consultation into the ‘trading venue perimeter’ by arguing...
