Fixed income group signs venues to connectivity initiative
The Fixed Income Connectivity Working Group, a collective of global investment banks, has signed a number of venues to its electronic swaps trading standard.
The Fixed Income Connectivity Working Group, a collective of global investment banks, has signed a number of venues to its electronic swaps trading standard.
IntercontinentalExchange, a US-based operator of futures bourses, has teamed with Brazilian central securities depository Cetip to launch a hybrid fixed income trading platform.
The strongest contenders in the nascent swap execution facility market will offer trading across multiple asset classes or deep liquidity in established niches, according to capital markets consultancy GreySpark Partners.
Independent investment manager Convictions Asset Management said the challenge of locating fixed income liquidity was behind its recent decision to outsource execution to BNP Paribas Securities Services.
Institutional investors have lobbied European policy makers against proposals for overhauling the fixed income market in MiFIR, which they believe could severely impede their ability to source liquidity in size.
Interdealer broker ICAP is revamping the technology platform which supports its BrokerTec trading system for US fixed income instruments as electronic trading of the asset class continues to grow.
Electronic bond trading in Brazil is set to increase after MarketAxess, the operator of a fixed income trading platform, gained approval to offer trading in local currency debt instruments.
Using electronic trading tools to source liquidity in the fixed income markets across a number of counterparties can significantly reduce trading costs, according to new research from the University of California, Berkeley.
State Street plans to launch a swap execution facility called SwapEx as part of an expansion of its derivatives service offering.
Vega-Chi, a multilateral trading facility for bonds, has confirmed the launch of its new electronic order book for high-yield and subordinated financial bonds in Europe.