MARKET NEWS
Barclays argues lower capital costs on gilts supports UK borrowing
Barclays has published a report making the case for lowering capital costs to hold UK government debt, in order to lower the costs fo...
Trading Intentions Survey: Data and protocol innovation are the battlegrounds for credit trading
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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McMinn joins trading team at Ninety One
Saskia McMinn has been promoted at Ninety One, becoming a fixed income trader at the firm.
As of March 2026, Ninety One holds £171.8 billion in assets under management.
Earlier...
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...
US trading revenue gains come with a risk warning
S&P Global analysts have warned that global banks’ financing of market makers is increasing profits but also ratcheting up risk – while US banks’...
Japan eyes on-chain JGB collateral
Mizuho, Nomura, the Japan Securities Clearing Corporation and Digital Asset have partnered to explore digital collateral management for Japanese government bonds (JGBs).
A proof-of-concept (PoC)...
FEATURES
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...
Trade size growth undercuts European bond market ‘equitification’
Since 2023 European corporate bond markets have seen trades size grow, as trading platforms report increasing volumes
“If we break down electronic trading growth in European...
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
Credit Spotlight
RISK & RETURN
FROM THE ARCHIVES
Competition in credit futures heating up with ICE/MarketAxess/MSCI launch
Intercontinental Exchange's (ICE) has launched four new corporate bond index futures, designed to answer institutional investors' appetite for credit futures.
The product launch comes after...
Trading: Loans and ABS: The fixed income markets time forgot
Trading in the less liquid parts of the fixed income market has remained relatively untouched by electronification.
Loans and securitised products backed by loans can...
US Treasury e-trading declined in 2025
Electronic trading of US Treasuries declined in 2025 despite rising average daily notional volumes (ADNV), according to a Coalition Greenwich report.
ADNV was up 16%...
Flow Traders joins MarketAxess as named CP across US HY and Euro IG and...
Flow Traders has committed to become a name-disclosed liquidity provider in US high yield corporate bonds, Euro-denominated investment grade and high yield bonds and...
The de-dollarisation debate
Investors see their short duration positions getting longer this year, with a shift to EM debt, and a multi-decade case for de-dollarisation, attendees at...
TransFICC opens office in New York
TransFICC, the provider of low-latency connectivity and workflow services for fixed income and derivatives markets, has opened its new office in New York, staffed...
European Markets Choice Awards Winner: Charles River
The Evolving Fixed Income Trading Landscape: Leveraging Connectivity, Interoperability and Automation
Alun Cutler, Director, Product Management, EMEA at Charles River Development
Charles River has recently been...
Tradeweb and MarketAxess see credit volumes increase over 25% in December
Market operators MarketAxess and Tradeweb have released their December trading levels, with both seeing a monthly increase of 25% in credit trading average daily...
Vizioz swaps Sculptor for Elmwood
Philippe Vizioz has joined Elmwood Asset Management as a European credit trader.
Elmwood holds US$23 billion in assets under management, specialising in alternatives across global...
BNY goes live with Dublin EU trading desk
BNY has established a trading desk in Dublin, supporting EU-based clients across global fixed income and equity markets. Bianca Gould, head of EMEA equities...
March sell-off has driven a longer-term shift towards all-to-all trading
Buyers and sellers were successfully finding opportunities in all-to-all trading as traditional liquidity tightened. Does that herald a permanent shift in behaviour?
All-to-all trading came...
FILS Day 2: Heat around the consolidated bond tape
One of the more positive messages from the second day of the Fixed Income Leaders’ Summit (FILS) was regarding positive progress on the development...
