Substantially higher US investment grade stress going into 2023
The Federal Reserve Bank of New York’s Corporate Bond Market Distress Index (CMDI) is closing 2022 with investment grade US bond markets twice as distressed as...
Reg ATS: What does the proposed expansion mean for bond trading venues?
In late January the Securities and Exchange Commission (SEC) proposed rules to bring more Alternative Trading Systems (ATS) that trade Treasuries and other government...
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...
Trumid upgrades US corporate bond predictive pricing tool
Trumid launches its enhanced Fair Value Model Price (FVMP) tool, which aims to deliver predictive pricing for around 22,000 US corporate bonds every 30...
Electronic credit platforms report fresh rises in trading volumes for March and Q1
Electronic bond market operators saw a new boost to volumes in March, and in the first quarter more broadly, as volatility in capital markets...
Izzy Conlin & Bryan Knapp: On cutting through complexity
There is nothing simple about the task facing BlackRock’s dealing teams, who trade for some of the world’s largest fixed income positions. For Izzy...
Is European credit electronification bouncing back?
There has been a noted proportional increase in electronification of US credit trading, as tracked by Coalition Greenwich. However, metrics around European trading found...
FIMSAC: MiFID II shows flaws in ‘equitisation’ of bond markets
By Shobha Prabhu-Naik.
Europe’s revamped Markets in Financial Instruments Directive (MiFID II) legislation MiFID II carries ideas from the equity markets into other markets but...
Europe’s liquidity rules are holding up… for now
New guidance on fund liquidity has followed redemption concerns in European equity and bond funds, writes Lynn Strongin-Dodds.
The risk that funds are unable to...
Neptune announces new CEO, with strong buy-side support
Neptune Networks, the fixed income pre-trade market utility, has appointed John ‘Coach’ Robinson as permanent chief executive officer (CEO). Robinson commenced in the role...
Portfolio trading just keeps growing
Portfolio trading has grown so much, so quickly that it’s even surprised us. When we first launched the functionality, which allows traders to package...
Lifetime Achievement Winner: Pimco’s Geraldine Sundstrom
The importance of agility in a changing world.
Geraldine Sundstrom is a managing director and portfolio manager at PIMCO and in 2022 won the Lifetime Achievement Award at...
