MARKET NEWS
IG credit dealers go short before Fed cuts
As investors look to lock in higher yields ahead of Fed cuts, dealer net positions in IG corporate bonds of more than five years...
October sees record US Treasury volumes
A volatile October ended with record highs for the US Treasury market, but dealers are not reaping the rewards, Coalition Greenwich has found.
Average daily...
Acuiti: Sell-side not confident on compulsory clearing timeline
Sell-side players are not confident in the introduction of clearing markets across cash Treasury and repo markets, concerned that deadlines are unfeasible, infrastructure is...
Luke Lau promoted at Northwestern Mutual
Northwestern Mutual has promoted Luke Lau to a portfolio manager for long duration IG corporate bonds.
Based in Illinois, Lau has more than 25 years...
Coalition Greenwich: Convertible bonds embrace electronic trading
As in other areas of fixed income, electronic trading is on the rise among convertible bond investors. And as investors become more comfortable with...
Finbourne and Propellant launch CTP prospect to compete with fairCT
Finbourne Technology and Propellant Digital have officially launched their joint consolidated tape provider (CTP) venture, Bondtape.
“Propellant already has the infrastructure for aggregating MiFID data,...
FEATURES
Matt Howell: Building a centre of excellence for derivatives trading
Matt Howell reveals how T Rowe Price optimised its derivatives trading capabilities ahead of the expected boom in trading activity this year.
How are the...
US vs Europe: The transatlantic divide for corporate bond traders
The DESK examines the different sizes, protocols and feedback traders can use on each side of the Atlantic to execute corporate bond orders.
While US...
When not to use portfolio trading
Portfolio trading cannot please all of the people all of the time.
The success of portfolio trading (PT) as a protocol has taken bond markets...
The DESK: Systematic trading
The DESK discusses effective systematic trading, the benefits to end investors, and the skills needed to create and run systematic workflows with Chris Minck,...
Primary ignition – at both ends
Politics are being sidelined in the battle for efficiency in primary markets for buyers and for issuers
The top operational priority for buy-side traders in...
Meet the consolidated tape contenders
Europe’s development of a consolidated tape for trading data now has clear front runners and benefits.
Three firms have confirmed they will compete to be...
PROFILES
RESEARCH
August: US Treasuries record first trillion-dollar ADNV
US Treasuries had their first trillion-dollar month in August thanks to a surprise rate hike from the Bank of Japan and ongoing fiscal uncertainty...
PAST PROFILES
FROM THE ARCHIVES
ICE: Optimizing the data pipeline for buy-side trading desks
Buy-side bond traders can enhance execution through a flexible data offering.
The DESK spoke with Mark Heckert, ICE’s Chief Operating Officer of Fixed Income...
FILS USA 2023: Traders test the water with new execution methods
The ability to use new trading protocols can be highly dependent upon the funds that a desk trades for and the types of instruments...
B2Scan closes down
B2Scan, the pre-trade liquidity data platform for bond markets, has shut down after eight years. The CEO and founder of B2Scan, Frédéric Semour, was...
RIAs select IMTC as partner for growth in fixed income account management
IMTC, the provider of fixed income investment management technology, has signed Davenport & Company and F.L.Putnam Investment Management to use IMTC as their portfolio...
Mitsubishi HC Capital UK raises €60m on TreasurySpring with first sustainable fixed-term fund
Mitsubishi HC Capital UK, a provider of consumer lending, asset finance and vehicle leasing, has borrowed more than €60 million on TreasurySpring’s platform by...
Exclusive: New xBK head, Dragan Skoko, discusses BNY Mellon’s new outsourced trading
BNY Mellon has launched a new outsourced trading offering for buy-side institutions globally, including asset managers and asset owners.
The offering by BNY Mellon...
Oppenheimer builds out distressed debt team with ten new hires
Oppenheimer, an investment bank and wealth manager, has built out its fixed income division with ten distressed debt team hires, as institutional investors seek...
Euroclear and BondCliQ create new fixed income settlement data tool
Euroclear is collaborating with BondCliQ, the bond market data as a service (DaaS) firm, to launch a new European fixed income settlement data solution,...
Managing relationship fragmentation
Jon George and Alex Hardouin of Refinitiv discuss how they are mitigating relationship risk following the firm’s merger with LSEG.
How does the range of...
Viewpoint : Best execution in derivatives : Liam Huxley
Taking the proper steps
The DESK speaks to Liam Huxley, CEO of Cassini Systems about best execution in derivatives.
How well developed is the best execution process...
LSEG: The outlook for muni bonds (video)
Global Trading editor Laurie McAughtry (on behalf of The Desk) was delighted to sit down with Domenic Vonella, director of US municipal bonds at...
Mixed trading volumes in May for fixed income across platforms
Looking at the numbers from the major trading platforms in May, volumes appear to be recovering which will be positive for dealers, who saw...
