Majdalani joins BNPP
Ray Majdalani has joined BNP Paribas as an emerging markets credit trader. He is based in London.
BNP Paribas reported €10 billion in net banking...
Equity venues are dating websites; credit venues are bars
Equity venues are dating apps – you have to be a member to use the central limit order book (CLOB), and it will match...
Analysis: Impact of diverging capital rules and higher rates on banking
A new paper by analysts from Morgan Stanley and Oliver Wyman has identified two main drivers for change within wholesale banking over the next...
Repo markets are back in focus for the Fed’s Treasury Market Practice Group
The US Federal Reserve’s Treasury Market Practice Group (TMPG) has focused this month on discussing the status of repurchase agreement (repo) clearing and settlement...
The enduring popularity of ‘Don’t Panic’
The phrase ‘Don’t Panic’ crops up frequently in comic fiction, notably in Douglas Adams’ book ‘Hitchhiker’s Guide to the Galaxy’ and in 1970’s British...
EBA publishes market risk and transaction determination standards
The European Banking Authority’s (EBA) has published the final draft regulatory technical standards (RTS) on how to identify the main risk driver and determine...
TransFICC: The increasing importance of data centres in fixed income
As the fixed income market becomes more electronic, we are seeing an increasing number of firms connecting to data centres around the world. The DESK...
SGX anticipates Japanese growth with STIR futures
Singapore Exchange (SGX Group) plans to introduce short-term interest rate futures related to the Tokyo Overnight Average Rate (TONA) and the Singapore Overnight Rate...
BlackRock CEO backs blended active/passive bond portfolios
Larry Fink, chairman and CEO of investment giant BlackRock, has advocated the use of blended active and passive portfolios to optimise fixed income investments.
In...
Origination: Goldman prices US$400 million in notes
Goldman Sachs has priced US$400 million in unsecured notes, due 2030.
The notes have a 5.650% coupon and are expected to be delivered around 9...
Making prices more easily
If dealers cannot make prices investors will have to, and many firms are stepping up to offer greater access to pricing and liquidity data....
Fixed income ETFs struggling with liquidity crisis
Fixed income exchange traded funds (ETFs) are reportedly struggling in the current liquidity crisis, while their market makers are trying hard to get delta...
