MARKET NEWS
Commentary: Inside the fixed income ETF primary market
By Alex Evangeli
The ecosystem that powers fixed income ETF trading is more complex than the simplicity of trading the product suggests. Behind the...
Emerging market bond liquidity erodes as trade counts fall sharply
Emerging market bond volumes have fallen every quarter of 2026 and trade counts are down by more than a quarter, according to MarketAxess data...
Murray joins Adroit
Neil Murray, former UK credit sales team member at Bank of America, has announced that he is joining execution management system provider Adroit Trading...
Meta taps BlackRock for latest giant data centre
Everything’s bigger in Texas, including Meta’s latest El Paso data centre venture and BlackRock’s 80% stake in it.
The project, announced last week, will include...
EchoStar debt rockets
EchoStar’s notional debt outstanding increased by US$7.64 billion between May and June.
On 28 July, the company repaid all outstanding obligations of its 7.75% senior...
ICE buys MarketAxess
The Intercontinental Exchange (ICE) is buying MarketAxess for a total enterprise value of US$5.7 billion.
The deal is expected to close in H1 2027.
ICE will...
FEATURES
Emerging market bond liquidity erodes as trade counts fall sharply
Emerging market bond volumes have fallen every quarter of 2026 and trade counts are down by more than a quarter, according to MarketAxess data...
BofA’s Sonali Theisen: Digital Assets Boost Fixed Income Efficiency
Digital assets have the potential to fundamentally reshape institutional markets via 24/7 trading, near-instant settlement, lower capital costs, and programmable infrastructure. As this evolution...
Acadian’s Michael Doros on the future of systematic credit trading
As credit markets become increasingly electronic, systematic managers are gaining new opportunities to scale research, improve execution, and optimize portfolios in real time. Traders...
Invesco: Kaizen and the art of trading
Running one of the leanest teams on the street, Ray Uy’s traders amplify their firm’s investment ideas by combining deep relationships, cutting edge technologies...
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...
Member
FROM THE ARCHIVES
Municipal mean reversion
Dealers are now committing more capital in the muni market but future tax reforms threaten buy-side demand. Chris Hall reports.
Is the US municipal bond...
Duff leads UK debt, EMEA FIG at SMBC
Matthew Duff has been named head of the EMEA financial investment group and UK debt syndicate at SMBC Group. He is based in London.
SMBC...
European Women in Finance : Alexandra Boyle : Making a noise
Alexandra Boyle, Head of Client Strategic Group at OpenFin, speaks to Markets Media’s senior writer Shanny Basar about her career, her philosophy and her...
Details on MiFIR deferral regime still needed
A draft report published by Danuta Hübner, rapporteur for the Committee on Economic and Monetary Affairs at the European Parliament, has detailed changes to...
BoE issues stablecoin regulation proposals
The Bank of England has issued a proposed regulatory regime for sterling-denominated systemic stablecoins, revising two elements of policy proposed in a 2023 discussion...
Trumid sees ‘record’ trade volumes in January
Bond market operator, Trumid, reported record trade volume and user participation in January 2024, claiming average daily volume (ADV) of US$6.4 billion, up 90%...
The liquidity gap between 144A and Reg S bonds
144A and Regulation S (Reg S) securities have distinct regulatory backgrounds and key differences. Liquidity measures such as Bid-Ask spread and post-issuance volumes in...
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...
Issuing at the top of the market
The high levels of bond issuance this year, made at what is widely expected to be peak interest rates, are potentially building up high...
Treasuries crunch: Sponging up Treasury liquidity
A considerable increase in trade failures, combined with falling volume and buy-and-hold strategies is creating a shallow market in US treasuries, making the October...
Trumid claims 33% market share growth in May
Trumid’s overall market share grew by a third in May, the firm has reported, with average daily volume (ADV) rising in tandem to US$5.2...
The Fed opens registration for commercial paper facility
The Federal Reserve Bank of New York has opened registration for firms wishing to sell to its Commercial Paper Funding Facility (CPFF).
The commercial paper...



















































