SEC: Leech charged with cherry picking trades for WAMCO funds
The SEC has charged Ken Leech with fraud. The bond trader was former co-chief investment officer at Western Asset Management (WAMCO), which holds US$336.1...
Falsified trades prompt Macquarie FCA fine
The FCA has fined Macquarie Bank’s London branch £13 million over poor systems and controls after non-existent recorded trades cost the firm approximately US$57.8...
Oppenheimer veteran joins Dinosaur Financial
Dinosaur Financial Group has appointed Robert Rahman as global head of credit within its newly-launched global corporate credit securities (GCCS) division.
GCCS aims to be...
SEC rule defining all market makers as ‘dealers’ thrown out
The US Securities and Exchange Commission (SEC) has had its rule, that would have defined electronic market makers as ‘dealers’, vacated in case tried...
Gensler confirmed to depart SEC
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...
Bridgewater and SSGA launch ETF as alt demand grows
Bridgewater Associates is launching an actively-managed retail ETF in partnership with State Street Global Advisors (SSGA) as demand for alternatives continues to rise. The...
OpenYield set for expansion with latest funding round
Closing a US$7 million funding round, bond marketplace OpenYield plans to boost its client base, drive global expansion and expand its product range. The...
TransFICC confirms CTP bid: “We know it works”
TransFICC has confirmed that it will bid to be the fixed income consolidated tape provider in the UK and Europe.
“We're utilising existing technology, we...
IG credit dealers go short before Fed cuts
As investors look to lock in higher yields ahead of Fed cuts, dealer net positions in IG corporate bonds of more than five years...
October sees record US Treasury volumes
A volatile October ended with record highs for the US Treasury market, but dealers are not reaping the rewards, Coalition Greenwich has found.
Average daily...
