Articles
A new report published by the International Capital Market Association (ICMA) documents the performance of the investment grade secondary bond market in Europe during the last weeks of February through March and April 2020, as the COVID-19 pandemic caused levels of market volatility and dislocation surpassing those seen during the global financial crisis of 2007-2008.
Securities Lending has evolved from a back-office operational activity originating in the 1960s/70s – borrowing securities to cover settlement failures and supporting short-selling investment strategies – to a recognised investment management discipline that can be a source of additional alpha and revenue for beneficial owners and investment managers.
The MTS BondsPro electronic trading platform is now available to Mexican institutional clients in Latin America, delivered through a marketing agreement with Marco Polo Securities.
Fixed income traders will have electronic order book access to Mexican peso-denominated corporate and treasury bonds, and will become part of the international BondsPro trading community of more than 600 broker dealers and buy-side clients participating in the BondsPro all-to-all order book.
TransFICC, the specialist provider of low-latency connectivity and workflow services for Fixed Income and Derivatives Markets, has closed its Series A investment round for£5.75 million. Led by AlbionVC, it included new strategic investments from ING Ventures and HSBC.
The new investors join existing shareholders, Citi, Illuminate Financial, Main Incubator (the R&D unit of Commerzbank Group) and The FinLab.
Singapore Exchange Limited (SGX) and CITIC Securities have agreed to collaborate across multiple areas, including fixed income, currencies and commodities (FICC), real estate investment trusts (REITs), as well as equity, and debt capital markets.
Under the agreement, both parties will explore the development and listing of new bond and risk management products for international participants who are looking to invest in China’s bond market.
Tradeweb has released its monthly volumes for March, which show significant trading activity across asset classes.
- March 3 saw a new daily record volume, with more than $1.5trn traded.
- Average daily volume (ADV) hit a new high of $1.0 trillion, an increase of 41.5 % YoY.
- During Quarter 1 of 2020, ADV was $897.8 billion, up 39.0 % YoY.
TransFICC, and SoftSolutions have announced a partnership to provide clients with connectivity and workflow solutions for Interest Rate Swaps.
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.
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.
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.
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.
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.