FROM THE ARCHIVES

Tackling the cost challenge in fixed income trading

Tackling the cost challenge in fixed income trading

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In today’s highly competitive and cost-conscious fixed income market, small and medium sized institutions can struggle without the efficiencies of scale which large institutions...
E-trading ‘outpaced’ voice for some traders in liquidity crisis

E-trading ‘outpaced’ voice for some traders in liquidity crisis

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The market has evolved valuable alternatives to traditional dealer liquidity. Electronic trading was tested in the March 2020 sell-off, and it held up well. But, most...
Jefferies: Fixed income ETFs drive transformation of the market 

Jefferies: Fixed income ETFs drive transformation of the market 

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The impact of exchange-traded funds (ETFs) on the fixed income market cannot be overstated, agreed speakers at Jefferies’ ‘New Investing Frontiers – Explore the...
Fed: No bond ETF fees for BlackRock; JP Morgan still AWOL

Fed: No bond ETF fees for BlackRock; JP Morgan still AWOL

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Under the new Federal Reserve asset purchasing programme, BlackRock, the asset manager which is acting as the trading function for the programme, will charge...
The Atlantic divide over high yield – is private credit biting?

The Atlantic divide over high yield – is private credit biting?

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Issuance of USD versus Euro high yield debt shows a significant split, based on Dealogic data, with US markets in 2024 issuing more than...
FILS 2022: Deferral times priority for consolidated tape plans – EC’s Lueder

FILS 2022: Deferral times priority for consolidated tape plans – EC’s Lueder

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Plans for a consolidated tape for fixed income markets in Europe hinge on the “urgent priority” of harmonising post-trade publication windows – keeping them...
SEC classifies HFT liquidity providers as “dealers”

SEC classifies HFT liquidity providers as “dealers”

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US markets regulator, the Securities and Exchange Commission (SEC), has adopted two rules that require market participants who engage in certain dealer roles, in...
EBA publishes market risk and transaction determination standards

EBA publishes market risk and transaction determination standards

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The European Banking Authority’s (EBA) has published the final draft regulatory technical standards (RTS) on how to identify the main risk driver and determine...
Buy side hails positive development of STP for bond issuance

Buy side hails positive development of STP for bond issuance

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Risk warning lights flashing on buy-side trading desks could be assuaged thanks to industry collaboration on primary markets. It seems incongruous that the 50-year old...
Strazzella joins Clear Street

Strazzella joins Clear Street

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Rocco Strazzella has joined Clear Street as managing director of trading. He is based in New York. Last month, clearing and custody provider Clear Street...
Bond-trading broker-dealer charged for allegedly bankrupting firm

Bond-trading broker-dealer charged for allegedly bankrupting firm

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The Securities and Exchange Commission (SEC) has charged Keith Wakefield, a former managing director and head of fixed income trading at IFS Securities, an...
CME Group expands credit suite as hedge demand grows

CME Group expands credit suite as hedge demand grows

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CME Group has begun trading high yield duration-hedged credit futures, based on Bloomberg corporate bond indexes. The futures include an intercommodity spread with US Treasury...