Fixed Income

Articles

11 Mar 2020 — Deputy Editor

TransFICC, and SoftSolutions have announced a partnership to provide clients with connectivity and workflow solutions for Interest Rate Swaps.

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1 MIN
26 Feb 2020 — Deputy Editor

OpenDoor, the provider of a continuous order book for less liquid US Treasuries, has named Carson Wong as Chief Technology Officer. OpenDoor's current CTO Michael Sacks will retire in April 2020.

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1 MIN
24 Feb 2020 — Deputy Editor

For the fifth consecutive year, Citi has been ranked first for overall market share in the Greenwich Associates annual benchmark study.

Citi was recognised as the leader in Rates, Emerging Markets and Municipal Bonds, ranking second in Credits.

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1 MIN
06 Feb 2020 — Deputy Editor

THETA, the specialist provider of buy-side trading technology as a service, has appointed Peter Meddemmen as its Chief Technology Officer, as it prepares to launch its O/EMS platform.

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1 MIN
27 Jan 2020 — Deputy Editor

OpenDoor has launched the first all-to-all continuous order book for off-the-run Treasuries (OFTRs) and Treasury Inflation-Protected Securities (TIPS). State Street will execute transactions matched on the platform as a riskless principal intermediary to Participants and Clearing Dealers.

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2 MINS
17 Jan 2020 — Deputy Editor

Greenwich Associates has released its 2019 Leaders in European Fixed Income report. J.P. Morgan tops the list based on market share. Citi is second, followed by Barclays and Goldman Sachs. Fifth place is shared by HSBC, BNP Paribas and BofA Securities.

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2 MINS
10 Jan 2020 — Deputy Editor

AxeTrading’s clients will now be able to access UBS Bond Port, which has the equivalent of USD 30 billion of daily liquidity in credit, rates and emerging market bonds. They can choose to distribute prices to other participants of the Bond Port network on an anonymous basis and access firm liquidity in over 40,000 ISINs across 19 currencies.

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1 MIN
07 Jan 2020 — Deputy Editor

ING’s advanced analytics tool for Fixed Income is to become London-based Katana Labs. ING Ventures will provide a £1.5 million scale-up loan as part of a £3 million funding round, and sell its majority stake in Katana to third-party investors.

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1 MIN
10 Dec 2019 — Deputy Editor

Intercontinental Exchange has added new functionality to ICE ETF Hub, supporting US-listed fixed income exchange traded funds (ETFs). Since launching last week, fixed income primary trades for 17 funds have passed through the system - including iShares Core U.S. Aggregate Bond ETF (AGG) and iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD).

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1 MIN
05 Dec 2019 — Deputy Editor

As a major step forward for DLT in Capital Markets, Deutsche Börse and HQLAX have successfully launched their DLT solution for collateral swaps in the securities lending market. The first live transactions were executed by Commerzbank, Credit Suisse and UBS on the Eurex Repo F7-trading system.

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2 MINS
28 Nov 2019 — Deputy Editor

HSBC Singapore has announced a trial with SGX and Temasek to explore the use of DLT for the issuance and servicing of fixed income securities. It is the first end-to-end digitalisation initiative focusing on bond markets in Asia.

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1 MIN
21 Nov 2019 — Bill Hodgson

A guest post from Nikolay Zvezdin explains a new product model, the Tranched Value Security.

  • Tranched Value Securities (TVS) are the next step in derivatives and structured products development.
  • TVS allows to securitize and tranch values of securities, rather than cash-flows or pooled asset-base.
  • TVS transforms risk-free securities into speculative instruments, and vice versa.
  • TVS empowers leveraging returns without leverage.
  • Single stock or bond, or any other standalone security or derivative can be collaterized with TVS.
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8 MINS