MARKET NEWS
Jane Street joins MTS BondVision
MTS BondVision has onboarded Jane Street as a dealer.
According to MTS, the top ten dealers on the platform in 2025 were BofA MErrill Lynch,...
CME plans UST spread trading tool
CME Group is launching a tool connecting US Treasury futures and cash liquidity.
Expected to go live in Q4, Treasury Link facilitates centralised spread trading...
Euroclear eyes issuer services growth
Euroclear is planning an issuer services expansion, entering into negotiations to acquire French corporate trust services provider Uptevia.
The acquisition will allow Euroclear to offer...
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...
LCH expands CGB collateral eligibility
LCH has expanded the range of offshore Chinese govies (CGBs) that it accepts as non-cash collateral, with Renminbi-denominated now eligible.
Euro- and US dollar-denominated CGBs...
Tradeweb leads US credit e-trading in June
Tradeweb pulled ahead in electronic US credit trading last month, with average daily volumes (ADV) reaching US$10.5 billion.
As a reminder, we also provide market-assessed...
FEATURES
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...
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...
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
Corporate bond Issuance slows into February, reducing trading desk pressure
The corporate bond market has slowed its flow of newly issued debt into the market, while fund inflows made the case for strong investors...
HQLAX gains funding, plans Canton Network migration
Broadridge and Digital Asset have made minority investments in digital collateral mobility solutions provider HQLAX.
The investments follow increased interest in digital asset solutions across...
The good news on high yield trading
Two weeks ago we noted that high yield markets have seen trade sizes increase since the start of the year, running counter to the...
Not average: Trade sizes in 2024
Looking at the average trade sizes for high yield and investment grade bonds, across Europe and the US in 2024, we can see considerable...
Mooted consolidated tape advisory committee needs reform, ESMA group says
The European Securities and Markets Authority’s (ESMA) Securities and Markets Stakeholder Group (SMSG) has reaffirmed its support for a consolidated tape, but outlined ways...
Implication of US bank downgrades on credit markets
Markets are truly feeling the economic pressures at present, with Moody’s downgrade to US financials on Monday following Fitch’s controversial downgrade of the US,...
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...
Raiffeisen Bank International executes first non-standard interest rate swaps
AxeTrading has extended its fixed income products’ offering to support non-standard interest rate swaps which is being used by its client, Raiffeisen Bank International...
LIBOR risks growing
Philip Whitehurst, head of service development at clearing house LCH has warned delegates at the Fixed Income Leaders Summit to take FCA warnings seriously regarding...
CME to buy NEX Group
CME to buy NEX Group
CME Group will acquire NEX in a deal expected to close in the second half of 2018, pending approval by...
This Week from Trader TV: Sarah Harrison, Allspring Global Investments
Navigating rate volatility, AI CapEx, and private credit risks.
Rising rate volatility is driving divergence between US and European credit markets, says Sarah Harrison, senior...
Issuance tracking down in lower rated debt
Issuance of lower rated bonds and leveraged loans across Europe and the US fell in October, according to analysis by investment bank Morgan Stanley,...
