SEC – controversially – moves to standardise best execution rules for broker-dealers
The Securities and Exchange Commission (SEC) is proposing new rules under the Securities Exchange Act of 1934 relating to a broker-dealer’s duty of best...
The UK’s PRA cites break from EU in review of capital rules for buy...
The Prudential Regulation Authority (PRA), the UK’s prudential authority for financial services, has begun reform of capital rules for insurers and banks, in its...
Opinion: Regulators need to prioritise closing the market making gap
The one thing bond markets are really in need of, is more two-way liquidity in stressed markets. Yet that is nowhere on the regulatory...
How to innovate in a volatile bond market
When trading teams are fully stretched it is hard for them to support innovation and change, yet Dan Barnes finds that the two things...
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....
Karim Awenat – naturally curious
Karim Awenat, Invesco's head of fixed income trading, London discusses the skillsets, culture and technology needed to navigate the bond markets.
What are the challenges...
Trading: How to find liquidity in a drought
When market makers offer no bids for corporate bond trades, buy-side traders need to get creative.
Dealers are the main source of liquidity in the...
Technology: Desktop interoperability providers: What’s the difference?
Capital markets firms are improving trading efficiency via desktop interoperability technology, so we look at the different providers.
Desktop interoperability is not a new issue...
Low issuance volumes may impact the momentum to reform primary markets
Platforms keen to emphasise longer term commitment to electronification and greater automation.
Multiple platforms have been launched to drive increased efficiency in managing bond issuance,...
Research: OMS/EMS Survey 2022
Traders prioritise O/EMS analytics as liquidity dries up
OMS/EMS stacks need to help traders assess trading conditions in 2022.
The DESK’s research into buy-side execution and...
