Dan Barnes

The US Securities and Exchange Commission (SEC) has had its rule, that would have defined electronic market makers as ‘dealers’, vacated in case tried by Reed O'Connor, a judge in the US District Court for the Northern District of Texas. SEC chair...

The Securities and Exchange Commission has announced that its 33rd Chair, Gary Gensler, will step down from the Commission effective at 12:00 pm on 20 January 2025. Gensler began his tenure on 17 April 2021, in the immediate aftermath of the GameS...

Dipping in and out of credit markets can reduce the value of investments for the non-specialist, but also for more experienced investors. In their 2014 paper ‘Modelling the Liquidity Premium on Corporate Bonds’, Paul van Loon, Andrew Cairns, Alex...

A report from rating agency Moody’s, has found that the proportion of US non-financial investment-grade corporate bonds needing refinancing within five years has grown 4%, with maturities concentrated in the first three years of that period, while...

Analysing year-to-date volume and trade number data from MarketAxess’s TraX database for US credit, and correlating it with the weekly average MarketAxess CP+ bid-ask spread data for the same markets, we can see that the volatility of volume appea...

Multiple market sources have reported that discussions between pre-trade data provider Neptune and TP ICAP, the multi-asset trading, interdealer broker and data services firm, are ongoing, with a possible acquisition of Neptune on the cards. TP I...

The DESK asked interviewees from its ‘On The DESK’ profile interviews of the last ten years to assess the most surprising changes they had seen in market evolution**. Dwayne Middleton global head of trading for fixed income at T. Rowe Price (US$1...

The use of private versus public borrowing by corporations has changed during 2024, based on falling funding costs in public and the capacity to fund complex capital structures in private. This has effects on both costs of debt and covenants neede...