MARKET NEWS
Fixed income gets a faster engine
The repo market sits at the heart of the global financial system, yet its efficiency rarely makes headlines outside specialist circles. As a mechanism...
Roughton joins Propellant
Propellant Digital has named Helena Roughton as a product manager, specialising in regulation.
In the London-based role, Roughton is responsible for Propellant’s regulatory product roadmap...
CLS onboards BofA for CCS service
Bank of America has gone live on CLS’s cross-currency swaps (CCS) service as FX market turnover grows.
According to the Bank of International Settlements, daily...
US rates volatility falls, volumes drop 20%
Average daily notional volumes (ADNV) were down 20% year-on-year (YoY) in US rates trading, falling to US$1.069 billion. Volatility dropped by 32% YoY to...
US credit trading volumes tumble from March peak
Average daily notional volumes (ADNV) dropped in US credit during April, while trade sizes crept up.
Total ADNV was down 5% year-on-year (YoY) and 12%...
UK eyes extended settlement, pushes tokenisation
The UK is inching its way towards 24/7 settlement, with the Bank of England issuing a consultation paper about bringing the CHAPS payment and...
FEATURES
The accelerating boat to China: A faster route for traders
China offers investors a wealth of opportunity, with the caveat that markets are not fully open. Where the authorities are cautious about changes to market...
Eurex sees lit credit future liquidity migrate to dark
The Bloomberg / Eurex credit futures conference in mid-January 2026 had all seats taken and attendees standing in the aisles. That bursting enthusiasm was...
Human battles machine in JGB market
Participants say electronic trading of Japanese government bonds has reached an inflection point, but others counter that the death of voice trading has been...
Credit futures see OI and ADV increase more than sevenfold YoY
The adoption of credit futures as a mainstream credit trading vehicle is broadening across venues and currencies: US$ iBoxx total return based futures traded...
PROFILES
RESEARCH
Trading Intentions Survey: Data and protocol innovation are the battlegrounds for...
The 2026 Trading Intentions Survey has found that data is the most hotly-contested field in supporting corporate bond trading today, while analysis of trading...
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RISK & RETURN
FROM THE ARCHIVES
Why are European IG Bid-Ask spreads widening?
Liquidity in the European corporate bond market is becoming more expensive in both high yield (HY) and investment grade (IG) trading. According to MarketAxess...
State of the market: Analysis of the platform landscape
Consolidation of the market continues, yet there are clear areas of growth in 2020.
In the corporate and government bond trading space for dealer-to-client trading, the...
BBVA shares Sabadell merger proposal
BBVA has shared details of its merger proposal with Sabadell, a partnership that would see the consolidation of two of Spain’s biggest banks.
The proposal...
JP Morgan announces global structuring management leadership
JP Morgan has reorganised its global structuring management team, following the expansion of Rui Fernandes’s role as head of global structuring, earlier this year.
In...
Deutsche Bank taps LSEG for FRTB compliance
Deutsche Bank has adopted LSEG’s Trade Discovery tool to ensure compliance with the Fundamental Review of the Trading Book (FRTB) regulation.
FRTB, part of the...
Chart of the week: When trading into the US, when should I trade?
Timing is everything in the markets, but not every market shares the same timing. It is common for trading desks to employ a trader...
Market structure: Is e-trading plateauing?
The overall pace of bond market electronification is slowing, but trading evolution is not linear.
Electronic trading has grown as a proportion of total trading,...
This Week from Trader TV: Charles-Henry Monchau, Syz Group
Markets eye tariff deadline, and liquidity shifts for H2.
Global markets will be heavily driven by three major forces this week, says Syz Group’s Charles-Henry...
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...
Worsening credit conditions battle improving trading capabilities
Both defaults and rerating of bonds are more likely in a high rate environment, and for trading desks this means finding efficient ways to...
Gross joins Federated Hermes
Carlos Gross has joined Federated Hermes as head of European credit opportunities. He is based in London.
Federated Hermes holds US$902.6 billion in assets under...
Artis launches new loan product with Etrading Software
Artis Holdings in partnership with Etrading Software has launched its new loan technology to help provide automation and bring efficiency to the loan market.
In...
