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 ...
Bond traders report screen prices are off by 10%
Several buy-side fixed income traders have confirmed that electronic prices are currently around 10% off the price that bonds are actually trading at, creating problems ...
“There is no liquidity”: Bond traders report market conditions never seen before
Buy-side bond traders are facing a considerable challenge in matching their investor’s demand for fixed income assets as equity markets plummet. Volumes are up, but that ...
Fixed income up as investment bank revenues and headcount drop
Fixed income, currencies and commodities (FICC) revenues were up 3% year-on-year for investment banks in 2019, halting a two-year slide, according to the latest research ...
Reviews of MiFID II transparency raise concerns
The European Securities and Markets Authority (ESMA) launched consultations on 3 February 2020 for the regime for non-equity instrument systematic internalisers (SIs), ...
Bond trading boosts BNP Paribas’s FICC revenues
BNP Paribas’s investment bank delivered double digit revenue growth in 2019, with revenues for Fixed Income Currencies and Commodities (FICC) up by over 30%. The ...
OpenDoor reveals greatest challenge and a turbo-charged match rate
OpenDoor has revealed a significantly high match rate for asset managers on the all-to-all continuous order book it launched in January 2020, to replace session-based ...
Chappell lands new trading role for 2020
Brett Chappell, the former head of fixed income trading at Nordea Investment Management, is joining Mariana UFP, a global financial services business in London with ...
ICE Data Services: Bond defaults double in Q2
ICE Data Services has seen the level of defaults for bonds double in Q2 2019 to US$7.183 billion, up from US$2.616 billion in Q1 2019. However, the composite Global ...
Changing the liquidity dynamic
US treasury traders are seeing enormous shifts in historical volume and trading patterns. Nichola Hunter, CEO of trading venue LiquidityEdge believes that asset managers ...
Liquidnet: Traders moving towards alpha capture
By Vineet Naik.
US Treasury market change catalysed by proprietary trading firms
Proprietary trading firms are driving change faster than the interdealer brokers, writes David Wigan. Direct streaming of pricing data is changing the historical ...
Bond funds hit by massive fee discounts; active revenues predicted to fall
Bond funds are dropping their investment management fees by up to 37% - in the case of passive funds – from those of the published prices, in order to win business from ...
SSGA: Treasuries, convertibles and EM on the cards for 2019
By Vineet Naik.
