Tag: Fixed Income

Fixed Income

New Mesirow Fund Incorporates Currency Alpha and High Yield

Mesirow Financial has announced the launch of its third mutual fund, the Mesirow Financial Enhanced Core Plus Fund, which will be led by its core fixed income team and will leverage the expertise from two of Mesirow’s other institutionally focused investment and alternative strategies – Currency Alpha and High Yield Fixed Income – to offer […]

FMSB Finalises Market Colour Best Practice

The FICC Markets Standards Board (FMSB) has published the final version of a Statement of Good Practice on the issue of Information & Confidentiality, which seeks to bring clarity to what it terms the complex issue of sharing information in fixed income and commodities markets and dealing with confidential information within a firm. FMSB says […]

MarketAxess Acquires LiquidityEdge

The fixed income trading platform space has started to consolidate with news that MarketAxess is buying US Treasury trading platform LiquidityEdge for $150 million. Established in 2015, LiquidityEdge offers a bespoke trading ecosystem to connect a community of dealers, market-makers and institutional investors to trade in the $500 billion average-daily-volume US Treasury market. The firm claims that […]

In the FICC of It

Colin Lambert is on the defensive from the start of this week’s podcast thanks to another disastrous prediction in the previous edition of In the FICC of It, so listen in to enjoy his discomfort as he and Galen Stops discuss the return of volatility to bitcoin and while doing so decide for yourself – […]

Barclays Migrates Equities to BARX

Barclays has added equities to BARX and announced that it will now function as the bank’s cross-asset electronic trading platform. Prior to this, clients could trade FX, fixed income and futures on the BARX platform. “We are excited to announce that BARX will be our newly integrated, cross-asset electronic trading platform that will continually innovate […]

P&L Talk Series: TransFICC

FX markets are largely seen as mature in terms of market structure and technology, but what about fixed income markets? Colin Lambert talks to Steve Toland, founder of TransFICC about the complexities and challenges involved in modernising these markets.
He finds that while fixed income markets are behind FX markets in terms of market structure and automation, they are catching up quick, but the biggest challenge is the sheer breadth and complexity of products traded – often on the same desk.

Broadway Announces Fixed Income Expansion

Broadway Technology has signed three tier-one banks, including Barclays, to mark its expansion into the global fixed income marketplace.

Broadway’s fixed income and foreign exchange clients now include 20 of the world’s largest banks and financial institutions, the company says. Its patented enterprise middleware, the TOC, serves as the core underlying platform, allowing customers to build their own integrated applications that interoperate with Broadway’s fintech solutions.

 The firm says its aims to deliver comprehensive, out-of-the-box fintech solutions while, also giving clients an ability to rapidly adapt and customise over time.

Shay Exits Nasdaq

John Shay has left his role as global head of fixed income, commodities and clearing Nasdaq.

Shay had been with the exchange group since September 2016, having joined from Virtu Financial, where he was a partner.

Shay spent most of his career with ICAP (Icap) before being recruited by Virtu’s founder, Vincent Viola, in 2007. At Virtu, Shay was responsible for managing all outside venue, vendor and trading relationships, including all prime and FCM counterparties, as well as all exchange, ECN and ATS relationships with a focus on fixed income, currencies and commodities.

Overbond Extends into Primary Bond Market

Toronto-based Overbond, a fintech entrant into the new bond issuance market, has launched an end-to-end platform and support framework for primary bond origination. The fully-digital platform for primary bond issuance provides, the firm says, higher transparency, better price discovery, and investor diversification for all counterparties in the primary bond market. The company further claims it […]