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Wednesday, November 21, 2018
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FCA “utterly useless” engaging with EU over Brexit

By Chris Hall. Veteran city commentator Anthony Hilton delivered a harsh verdict on the UK financial regulators’ efforts to support Britain’s finance industry ahead of the country’s departure from the European Union, speaking on the...

No respite for Italian volatility

By Chris Hall. Political uncertainties will continue to guarantee challenging conditions for investors in Italian government bonds well into 2019, according to speakers on Thursday’s CIO keynote panel at the Fixed Income Leaders’ Summit in...

Buy side ‘owes’ it to the market to make progress with tech

By Joel Clark. Using innovative systems and technology to improve fixed income trading is part of the duty of care that buy-side traders owe to their clients, management and the broader market, according to Lee...

Take a modular approach to layering regs, industry told

By Joel Clark. Having implemented multiple regulations on a standalone basis over the past decade, market participants must now take a more flexible modular approach that allows systems to be modified and tweaked as rulebooks...

Python eats traders

By Chris Hall. Balancing man and machine will be the critical success factor for buy-side trading desks, delegates were told in Thursday’s head trader keynote panel, with coding languages such as ‘Python’ becoming a key...

Swinburne: Traders should beware of radical change in Europe

Brexit will mean that politics will take precedent over principal, when setting policy in Europe, warned Kay Swinburne MEP, speaking at the Fixed Income Leaders’ Summit in Amsterdam. "We need to consider the changes that...

As QE sails into history, investors look to unfamiliar shores

By Chris Hall. The end of quantitative easing has been long signposted by central banks, but there are still sufficient sources of uncertainty to keep fixed-income investors on their toes over the next 12-18 months....

Concern over data dominates corporate bond discussions

Limited access to data is impeding quantitative analysis of best execution for corporate bonds, leading to a need for more qualitative analysis for many bond trades. Speaking at the panel, ‘What are the parameters you...

Euro swaps clearing: hope for the best, prepare for the worst

By Joel Clark. As the UK’s exit from the European Union edges closer, concern over the vexed question of clearing of euro-denominated swaps has intensified, but clearing house officials and market participants speaking at the...

Call for regulatory reform of primary markets

By Chris Hall. Panellists were split on whether regulatory intervention is needed to improve transparency and efficiency in a debate on electronification and standardisation of primary market issuance. “There is little or no transparency on how...

Focus resources on fixed income TCA, industry urged

By Joel Clark. Market participants and technology providers must focus their intelligence and resources on developing robust transaction cost analysis (TCA) for fixed income, in spite of the challenges that may be encountered in extracting...

FILS 2018: Advent of AI sees traders reskill, retool

By Chris Hall. Buy-side traders risk redundancy and irrelevance if they do not adapt to the opportunities for automation of fixed-income execution provided by new technologies, delegates were told in the FILS panel session on...

FILS 2018: Brexit may further impede transparency

By Joel Clark. Nearly a year on from the implementation of MiFID II, the rulebook has still not achieved its objective of increasing transparency in European fixed income markets. Furthermore, the advent of Brexit in...

AGI’s Böss: Margin compression and frustration with regulators

Doing more with less, and frustration with regulatory initiatives are the biggest stories for buy-side firms said Eric Böss, global head of trading at Allianz Global Investors, at the plenary session of the Fixed...

FILS Amsterdam: Traders are fighting on several fronts

By Dan Barnes. Traders are still fighting for better data and transparency – in the right places – at FILS Amsterdam 2018, but the elephant in the room is Brexit. There are concerns about the...

Italian lessons

Futures market and dealer engagement were both concerns during this year’s volatility, reports Dan Barnes. The tension between Italy’s government and the European Commission has seen bond yields rising, and market liquidity suffering. Although ripples...

IA opens best ex debate

by Dan Barnes. The risks of pushing for quantitative execution analysis, when too little data exists to support it, have been revealed in a whitepaper published by the Investment Association (IA). Produced in association with industry...

Man AHL co-CEO outlines value of AI in asset management

By Dan Barnes. The extent to which AI can be used in the investment and trading space is fiercely debated. Matthew Sargaison, co-chief executive officer, Man AHL and Marco Fasoli managing partner at AI Machines, spoke at...

Trading automation in the fixed income market

Nicholas Bean, Head of Electronic Trading Solutions, and Ravi Sawhney, Head of Fixed Income Automation at Bloomberg speak to The DESK. How much of the fixed income trading lifecycle can be automated? Nicholas Bean: All functions of...

Repo: productivity and profitability opportunities

By Tim Martins, Product Manager for Money Markets and Derivatives at MTS. Repo workflow: the sales and relationship opportunity... B2C repo workflow hasn’t changed much for a long time. Client enquiries come in via a separate...

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This page is dedicated to reports from The Fixed Income Leaders Summit, Amsterdam, 6-8 November. More content will follow from Wednesday 7th November onwards. Sessions on the 6th November, the Buyside Evaluation day, will not be reported.

While every attempt is made to record delegates accurately and obtain quote approval prior to publishing if there are any inaccuracies please contact Dan Barnes.