MARKET NEWS
Achour leads Citadel Securities’ APAC credit trading
Redha Achour has joined Citadel Securities as APAC head of credit trading. He is based in Hong Kong.
Citadel Securities has been building out its...
LTX gains five heavyweight dealers
Five major banks have joined Broadridge-backed corporate bond e-trading platform LTX.
Goldman Sachs, JP Morgan, TD Securities, Morgan Stanley, and Bank of America are now...
CME expands repo benchmarks to US
CME Group has expanded its RepoFunds Rates benchmark collection, measuring overnight funding costs in the US repo market.
Using data from centrally cleared overnight US...
TS Imagine taps OpenYield for bond trading
OpenYield has connected its all-to-all fixed income alternative trading system (ATS) to TS Imagine’s multi-asset execution management system, TradeSmart.
This will grant TradeSmart users access...
MarketAxess offers retail access to institutional liquidity
MarketAxess is opening up its institutional liquidity and pricing to retail clients through a partnership with AI investment management platform Moment.
Large wealth manager and...
BME FI turnover spikes, SIX Group drops
Despite BME’s fixed income trading turnover was up almost twofold year-on-year (YoY) in April, SIX Group saw a 7.3% month-on-month (MoM) decline in fixed...
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...
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RISK & RETURN
FROM THE ARCHIVES
Bloomberg Bridge: The low-lift, high-value all-to-all trading model
Bloomberg’s new ‘Bloomberg Bridge’ offering has launched in Europe and, supported by dedicated Goldman Sachs intermediation desks, has scaled its enabled user base into...
FCA appoints UK Secondary Markets Advisory Committee members
The FCA has appointed members of the UK secondary markets advisory committee for June 2024 to June 2026.
The committee supports the FCA’s work in...
BondAuction breaks into liability management
BondAuction has expanded its platform capabilities to cover liability management.
“If an issuer would like to buy back its bonds, it can announce that to...
BGC reportedly shuts Lucera LUMEAlfa; preps FMX for soft launch
According to sources, BGC Partners has shuttered its pre-trade data business, Lucera LUMEAlfa, closing the final chapter on pre-trade data pioneer Algomi, and aligning...
ICE acquires American Financial Exchange
Intercontinental Exchange (ICE) has acquired the American Financial Exchange (AFX) in its entirety.
The electronic exchange, which facilitated direct lending and borrowing for American banks...
Industry viewpoint : Accessing China’s bond market with HSBC
Outlining the market impact of the latest changes in the Chinese bond market, Tony Shaw, Head of Institutional Sales APAC at HSBC, discusses the...
Positive reception of FCA consolidated tape plans keeping pace with Europe
A consultation on plans for a consolidated tape of fixed income prices, announced by the UK’s Financial Conduct Authority (FCA), has drawn support from...
Hult: The dealer business is changing
Who are the big beasts of the bond markets today? The red ink on banks’ recent quarterly earnings reports writes the latest chapter in...
T. Rowe Price deploys Propellant transparency data offering via FlexTrade EMS
T. Rowe Price Associates is live and in production using Propellant's fixed income transparency data offering via FlexTrade's EMS, FlexFI.
T. Rowe Price's fixed-income trading...
Sam Knight named director of global e-trading at Fidelity International
Sam Knight, a senior trader at Fidelity International, has been made director of global e-trading. His promotion takes him to director level, less than...
Research profile: DirectBooks’ magic sauce
The DESK spoke with Rich Kerschner, CEO of DirectBooks, to understand what the magic ingredient is behind their success.
What has given DirectBooks the lead...
Beating increased trading costs in the 2-year Treasury
Two-year Treasury volatility has jumped in March, as yields rose rapidly, reflecting weakening confidence in future rate cuts being made by the US Federal...
