MARKET NEWS
King-Smith back at BNPP
Jake King-Smith has returned to BNP Paribas as head of corporate rates and FX for the UK, Middle East and Africa.
In the role, he...
ICMA 2026: Traders see AI everywhere, all at once
While some in the market may be trying to keep their AI practices quiet, speakers at this year’s ICMA conference in London were proud...
ICMA 2026: Top five concerns with European transparency regime
A panel of experts has outlined ongoing issues with transparency in Europe at the ICMA annual AGM in London, speaking under the Chatham House...
ICMA 2026: Signs of US decline could be Europe’s time to shine
Geopolitical turmoil is increasing global fragmentation but could be a driving force for European consolidation, according to speakers at ICMA’s 2026 AGM and Conference...
Cheung promoted at ICE
Penny Cheung has been promoted to head of interest rate derivatives at ICE.
Based in London, she is responsible for multicurrency interest rate futures and...
ICMA 2026: How digitalisation can reduce market stress
At the ICMA conference on 28 May 2026, Samara Cohen, global head of market development at BlackRock, laid out an agenda to accelerate market...
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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Credit Spotlight
RISK & RETURN
FROM THE ARCHIVES
UniCredit and ACTIAM join Trad-X’s dealer-to-client platform
Trad-X, the trading platform for interest rate derivatives, has added UniСredit as a dealer and ACTIAM as a non-dealer to its dealer-to-client (D2C) electronic...
S&P Global offers private credit risk management service
S&P Global has released a compliance management solution for credit risk management, designed for private credit and collateralised loan obligation (CLO) managers.
The launch coincides...
Buckley swaps MarketAxess for JP Morgan
Mark Buckley has joined JP Morgan as vice president of e-credit sales, based in London.
JP Morgan reported US$5.7 billion in fixed income trading revenues...
Bond issuance standardisation boosted by FMSB
Market participants have published final guidelines that clarify expected behaviour during the new issue process for fixed income bonds in Europe.
A series of measures...
JP Morgan reigns supreme in DCM, China banks dominate APAC
Competition in the global debt capital market (DCM) landscape has remained fairly similar to 2025, according to Dealogic’s most recent data – but in...
Bloomberg’s open chat API creates exciting but costly opportunities
Bloomberg’s cross-firm chatbot API service can save companies time as they share information. But they are also expensive, and present firms with a fresh...
TP ICAP launches new brand for trading data and analytics
Interdealer broker, market operator and data provider TP ICAP Group has launched the brand Parameta Solutions as the new identity of its data, analytics...
My Kingdom for an Axe!
Why axe data quality remains the invisible fault line in fixed income
Byron Cooper-Fogarty
With apologies to The Bard for the headline, you can imagine buy-side...
The big changes to watch in fixed income market structure through 2024
Next year will bring new developments in market structure, stemming both from regulatory and political change. The DESK asked Jennifer Keser, head of market...
Treasuries HFT hack test results released
The impact of a simulated cyberattack on a high-frequency trading (HFT) firm in the US Treasury (UST) market has been released by the Treasury...
In pictures: Government bond market liquidity costs spike
Both volume and bid-ask spreads have blown out in the UK government bond (Gilt) market, as seen in the latest TraX data from MarketAxess, which...
MarketAxess reports record revenue in 2021
Bond market operator MarketAxess saw total revenues for 2021 increase 1.4% to a record US$699 million, compared to US$689.1 million for 2020. Operating income...
