LGIM saves US clients’ trading costs but pays US$500k fine for crossing trades
Legal and General Investment Management Americas (LGIMA) has accepted a fine of US$500,000 for failing to comply with Securities and Exchange Commission (SEC) rules...
IPC and BondWave announce partnership to simplify pre-trade price discovery
IPC Systems, the communications and connectivity specialist has integrated its Unigy trade communications platform and IQ/Max Touch financial terminal with the BondWave Calculator, a...
Fidelity International: “A new era for interest rates”
Steve Ellis, global chief investment officer for fixed income at Fidelity International has outlined dynamics which could affect debt markets in 2023.
“Fixed income markets...
ASX loses AUS$250 million on failed blockchain settlement project
The Australian Stock Exchange (ASX) has pulled its project to replace its existing settlement system, CHESS, with a blockchain-based settlement system.
The project, which has...
New York Fed economists see US Treasury liquidity at crisis levels
Current US Treasury market liquidity is comparable with the 2007-09 global financial crisis and the March 2020 crisis, particularly for the two-year note, according...
Tellimer launches end-of-month emerging market bond pricing data
Tellimer Group and information, data & technology provider has launched end-of-month emerging market (EM) bond price data on its global research and data platform,...
US agencies report on US Treasury market changes; market making still out of scope
A new report entitled, ‘Enhancing the resilience of the US Treasury Market’, has outlined the steps taken by US authorities to support what it...
RBC Capital Markets launches Aiden Arrival algorithm
RBC Capital Markets has launched Aiden Arrival, the second algorithm on the firm’s artificial intelligence (AI) -based electronic trading platform. Aiden Arrival follows the Aiden...
ABN AMRO Investment Solutions using BNP Paribas for outsourced dealing
BNP Paribas’s Securities Services business has been selected to provide ABN AMRO Investment Solutions with a range of dealing and middle office outsourcing services....
Could the Twitter hangover really hurt credit liquidity?
Banks’ support for market making is tied to the bonds they carry on their books, and the cost that has for their balance sheets....
