News
(The Desk)
Carsten Just has joined Tradeweb as director, after a short stint as a contractor with the firm. Just has held a number of roles in fixed income over the years, with his most recent role with Intellibonds, where he spent just over a year working in fixed income trading functionality and data research.
(Markets Media)
Direct, continuous pricing streams are slowly but surely reshaping how U.S. Treasuries are traded. The majority of the U.S. Treasury market is traded electronically. In 2023, 64% of the $755 billion average daily notional volume (ADNV) was executed via a combination of central limit order books (CLOB), request for quote (RFQ) and direct, continuous pricing streams.
(Global Trading)
While rules might not create markets, there is a very important role for regulation to play in creating a fair, open and competitive playing field in a fragmented region such as the European Union (EU).” This missive encapsulated the approach to regulatory divergence held by Virginie Saade, head of government and regulatory policy at Citadel. “Rules are a way to make sure that there is a common approach across the 27 countries.”
(The Desk)
Bloomberg has executed the first electronic list trade in European government bonds though its multilateral trading facility (MTF), with its evaluated pricing service (BVAL) referenced for the closing price.
(The Full FX)
Hedge fund capital extended 2023 gains by continuing to grow in Q1 2024, according to the latest report from indexation and analysis firm HFR. The report says total capital increased to what it calls a “milestone” $4.3 trillion thanks to strong performance and investor inflows. HFR says managers are navigating “a complex environment on improving economic outlook and acceleration of M&A concurrent with unprecedented geopolitical risks, including ongoing and potential military conflicts as well as inflation, interest rate and macroeconomic uncertainty”.
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Deutsche Bank hired a new head of credit trading from Morgan Stanley
(efinancial careers)
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Investment Consultants Are Bigger — and More Influential — Than Ever Before
(Institutional Investor)
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Banks rake in billions as prime broking continues to soar
(Financial News)($)
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BlackRock Executive Highlights Basel III Issues
(Traders Magazine)
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Liquidnet sees electronic future for gray bond trading
(Waters Technology)($)
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Direct streaming builds support at TradeTech
(The Desk)
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Securities Industry Advance to T+1 Slows
(The Full FX)
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Equity and multi-strategy hedge funds lead Q1 2024 recovery
(Funds Europe)
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Chris Edmonds takes the reins at ICE Fixed Income and Data Services
(Waters Technology)($)
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High-speed trader Jane Street raked in $4.4bn at start of 2024
(Financial Times)
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Wall Street Takes New Role as Matchmaker to Private Credit
(Bloomberg)($)
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US high yield e-trading volumes drop YoY
(The Desk)
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After Kicking Off Mutual-Fund Era, MFS Plans ETF Foray
(Bloomberg)($)
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New York City Water back in market with $450 million deal
(The Bond Buyer)
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A Slimmer Goldman Sachs Posts Hefty Jump in Profit
(New York Times)($)
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Opinion: Why Everyone in Finance Is Getting Ripped
(Bloomberg)($)
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Emerging market fixed income trading in Latin America: A growth story
(Bloomberg Professional Services)
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