News
(The Desk)
Broker-dealer and alternative trading system OpenYield Trading has launched, printing its first trade. OpenYield is designed to make access to the bond market easier and for, and enhance the existing services of, broker-dealers, advisors and asset managers. Through what it describes as an “equity-like marketplace for bond trading”, OpenYield offers no minimums, limit and market orders. It also includes an automatic trading-oriented architecture, low-latency instant execution and a focus on odd lot economics.
(Best Execution)
The US Securities and Exchange Commission (SEC) has issued a Risk Alert, imploring market participants to ensure they are ready for the transition to T+1 on 28 May 2024.
(The Trade)
Taskforce states that the UK, EU and other European jurisdictions should align on T+1 with a regional timeframe possibly overriding the timeline.
(The Desk)
One of the primary reasons for the adoption of multi-asset trading is to improve efficiency, agreed ‘Trends in Multi-asset Trading’ panellists at this year’s Derivatives Forum in Frankfurt, last month, hosted by Eurex.
(The Desk)
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 his annual letter to clients, he said, “It’s not going to be just about index, where we manage nearly US$1.7 trillion. Or just about active where we manage over US$1 trillion. Some of the most interesting portfolio conversations are with allocators who are blending ETFs with active or using innovations like our active ETFs for professionally managed income solutions.”
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