Details on MiFIR deferral regime still needed
A draft report published by Danuta Hübner, rapporteur for the Committee on Economic and Monetary Affairs at the European Parliament, has detailed changes to...
Meet the consolidated tape contenders
Europe’s development of a consolidated tape for trading data now has clear front runners, and benefits.
Three firms have confirmed they will compete to be...
Flow Traders: Algos supported 20% of bond flows in 2022
A new white paper from exchange traded fund (ETF) market maker, Flow Traders, estimates that in the past two to three years, credit algos...
Bloomberg introduces new fixed income pre-trade TCA model
Bloomberg has launched a new pre-trade transaction cost analysis (TCA) model that helps market participants to assess trade cost, daily executable volume, and probability...
GreySpark: TCA is not fit for purpose in bond markets
A position paper by analyst firm GreySpark Partners has argued that transaction cost analysis (TCA) is too limited for its purpose, and will need...
Are average trade sizes really falling in the US?
Earlier this year we noted that average trade sizes were down considerably on 2022, but being wary of mean reversion, we wanted to revisit...
Finbourne responds to closure of Bloomberg, MarketAxess & Tradeweb consolidated tape project
Finbourne, the financial technology and services firm selected to manage the now defunct joint project between Bloomberg, MarketAxess and Tradeweb to launch a consolidated...
TT to acquire TCA provider Abel Noser
Trading Technologies (TT) has moved into the multi-asset data and analytics space with an agreement to acquire Abel Noser Solutions (ANS), a provider of...
Overbond to integrate Euroclear LiquidityDrive into real-time bond trading automation
Overbond, the provider of AI quantitative analytics for institutional fixed income capital markets is to integrate Euroclear LiquidityDrive settlement-layer data for fixed income trade...
What is behind the falling cost of IG liquidity?
The bid-ask spreads in credit trading across the Europe and US have fallen dramatically in the first three weeks of 2024, relative to the...
