TRACE recalibration exposes double counting
An adjustment to bond trade reporting to TRACE, the US post-trade reporting tape for fixed income, has cut the volume of trades arranged via...
The best of both worlds
Gonzalo Gómez Retuerto, Head Fixed Income and MARF (Mercado Alternativo de Renta Fija) at SIX Group’s BME talks about plans for SMEs, ESG and integration.
How is...
CME Group ADV up 32% year-on-year for October
Market and infrastructure operator CME Group, has reported its October 2021 market statistics, showing average daily volume (ADV) increased 32 percent to 20.4 million...
Teresa Durso joins Tabula Capital
Quantitative macro credit manager Tabula Capital has appointed Teresa Durso as managing director and chief operating officer.
Durso has close to two decades of industry...
Bloomberg wins over AB and Capital Group with BVAL
AllianceBernstein (AB) and Capital Group have both selected Bloomberg's evaluated pricing service (BVAL) to benchmark and corroborate end-of-day values for US fixed income portfolio...
MarketAxess: Blockbusting Part 4 – Block Execution in US HG
In the latest of MarketAxess' Blockbusting series, our research team explores liqiudity profiles of block-sized RFQ trades between $1M- $10M on MarketAxess across a...
The beginning of the end (of liquidity provision)?
Bid ask spreads are widening in US investment grade credit, according to MarketAxess’s CP+ data, which may signal the traditional end-of-year withdrawal of dealer...
Electronification of US credit delivers resilience
The electronification of the US corporate bond markets has demonstrated that its improved efficiency has strengthened depth of liquidity provision, rather than made it...
SEC pushes back “unreasonable” broker-dealer compliance deadline
The Securities and Exchange Commission (SEC) has pushed back the compliance date for amendments to its broker-dealer customer protection rule (15c3-3).
The amendments will now...
Manual trading remains popular in US rates market
Record issuance and higher holdings prompted significant US rates volume growth in January. While electronic trading maintained its market share, manual processes remain popular...
Refinitiv: Machine learning in finance hindered by data
By Pia Hecher.
Refinitiv, the financial markets data and infrastructure provider, found that 90% of financial firms it surveyed deploy machine learning (ML) and 75%...
Big names out at BGC
Interdealer broker BGC Partners has made a wave of job cuts, as announced in April, which combined with recent departures has removed several heads...
