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
Tradeweb sees August ADV jump 53.9%, MarketAxess up 39.6%
Trading platforms MarketAxess, Tradeweb and Trumid saw substantial increases in their average daily volumes for August compared to the same period last year. MarketAxess...
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...
Sabina Awan departs Fidelity International
Sabina Awan has left Fidelity International after 17 years with the company.
Commenting on her departure via LinkedIn, Awan said: “I am deeply grateful for...
Exclusive: FENICS Invitations closes
Multiple market sources have confirmed that Fenics Invitations has closed.
The execution service, run by interdealer broker BGC Partners, was intended to provide an all-day...
Dealers need to go with the flow
Broker-dealers must become more technologically savvy in the derivatives space if they want to impress buy-side clients. Lynn Strongin Dodds reports.
Multi-asset trading is increasingly...
Emerging Markets Focus Part 2: Illiquidity in numbers
When investment flows are heavily directional it can make trading more challenging, as most investment firms are selling into a downward market or buying...
Greenwich: Nearly half of bond trading desk budgets now spent on technology
New research by Coalition Greenwich has found that the proportion of budget for fixed income trading desks spent on technology grew to 46% in...
BlueCrest poaches Sam Tabari from Goldman
BlueCrest Capital Management has hired former Goldman Sachs rates trader Sam Tabari as a senior portfolio manager on its London-based global-macro desk.
He will run...
Industry bodies rail against new US capital rules
Trade bodies have set their stalls against the introduction of planned capital rules in the US, which would create additional costs for banks seeking...
Exhaustion with US Treasury issuance a matter of time
The US is issuing two, five and seven year Treasury bonds this week, the second of which will be issued today. The five-year bond...
All I want for Christmas, is trading analytics
Traders would do well to run close analysis over their European trading activity this month, as data from MarketAxess Trax, which tracks trading across...
The Book: Nomura pushes for digital bond settlement efficiency
Nomura Research Institute has settled a Japanese digital bond using delivery versus payment (DVP) for the first time.
Settlement risk is a key concern for...
