Fed begins buying bond ETFs
The Federal Reserve Bank of New York has begun to buy fixed income exchange-traded funds (ETFs) via its Secondary Market Corporate Credit Facility (SMCCF).
AxeTrading expands modelling and pricing tools; builds out FX and futures
AxeTrading, the fixed income trading software provider, has launched version 5 of AxeTrader, its fixed-income trading system for sell-side and buy-side firms. This ...
Tradeweb reports high volumes continuing into April
Lee Olesky, CEO, Tradeweb
MarketAxess Q1 revenue up 36%; reports on US spreads
Rick McVey, CEO, MarketAxess
The Fed and BlackRock's bond-buying criteria challenged
Detail around the Primary Market Corporate Credit Facility (PMCCF) and Secondary Market Corporate Credit Facility (SMCCF) launched by the Federal Reserve Bank of New ...
Odd-lot bond case alleges pressure on Bloomberg and collusion
In the US Southern District Court of New York, a class-action lawsuit has been brought against a group of banks, alleging that since 1 August 2006, they have “agreed to ...
Not fighting the Fed on high yield flow
High yield bonds have seen electronic trading in the US increase, with liquidity enhanced by the Federal Reserve’s announcement on 9 April that it would buy into ‘fallen ...
RBC hires Sayers from Citi to lead HY sales
Joe Sayers has joined RBC Capital Markets from Citi as head of high yield and loan sales, based in London and reporting to Janet Wilkinson, head of fixed income and ...
EM in ‘limbo’ provides trading and pricing challenges
Emerging market bond funds have seen outflows continue to slow significantly, with Morgan Stanley’s analysts estimating it at US$1.8 billion, equating to about 0.42% of ...
Liquidnet reports 57% jump in bond liquidity during volatile markets
Liquidnet has reported that the recent volatility led to an increase in bond trading volumes on the all-to-all block trading platform.
Buy side finds trading on the turn no less challenging
When everyone was selling and no-one was buying liquidity vanished. However, as bond market outflows lessen, and in some cases reverse, many buy-side traders find they ...
Bond platforms report record trading volumes for March
The March 2020 numbers are in for bond trading platforms MarketAxess and Tradeweb and both have seen record results, in a period that has raised concern around the ...
Chappell and Nuyts launch European outsourced trading centre
Bart Nuyts and Brett Chappell
Reform of TRACE reporting urged as portfolio trading rises
Portfolio trading, in which baskets of securities are exchanged with bank in single deals, has been growing in popularity as it gives certainty over execution and some ...
Greenwich Associates: Fixed income desks see highest buy-side tech spend
Technology spend on buy-side trading desks rose 4% in 2019 from the previous year, to reach US$2.2 million on average, with fixed-income trading desks leading spend with ...
