BloombergGPT launches
Bloomberg has released a research paper detailing the development of BloombergGPT, a new large-scale generative artificial intelligence (AI) model.
This large language model (LLM)...
Exclusive: Patrice Guesnet and James Frew to run fixed income trading at Pictet AM
Patrice Guesnet and James Frew are reported to have been named global co-heads of fixed income trading at Pictet Asset Management. They have taken...
LTX migrates corporate bond trading capabilities to AWS
LTX, a subsidiary of Broadridge Financial Solutions, has migrated its corporate bond e-trading platform to Amazon Web Services (AWS). With the completed migration, LTX...
US liquidity costs spiked more violently than in Europe
Bid-ask spreads have widened massively in recent weeks, according to MarketAxess CP+ data, with the price in US investment grade nearly doubling in the...
Rising rates hit high yield availability
Despite some optimistic outlooks on bond issuance in 2023, high yield bonds are clearly seeing a decline in Europe, based on data from the...
Deutsche Bank, Morgan Stanley, US Bancorp and Wells Fargo back Versana digital loan platform
Versana has announced the addition of four new banks – Deutsche Bank, Morgan Stanley, US Bancorp and Wells Fargo – as investors in its...
SimCorp incorporates FlexTrade capabilities into OMS
Order and investment management system (OMS/IMS) provider SimCorp, has partnered with FlexTrade Systems, the execution management system (EMS) operator, to extend SimCorp's Order Management...
AT1 trading volume was elevated a week ahead of Credit Suisse wipe-out
Trading in AT1 bonds spiked on Monday 20th March as a result of the Credit Suisse rescue at the weekend, with one platform trader...
MSIM launches two new bond funds
Morgan Stanley Investment Management (MSIM) has announced the launch of two new funds, the MSINVF Short Maturity Euro Corporate Bond Fund and the MSINVF...
Outsourced trading consolidates further with State Street’s new acquisition
State Street Corporation has entered into a definitive agreement to acquire CF Global Trading, a global firm specialising in outsourced trading on an agency...
