Tag: Fixed Income

Fixed Income

In the FICC of It

The podcast lives up to its name this week with an in-depth look at conditions in fixed income, credit and FX markets as volatility spikes continue in markets generally. After a few observations on bitcoin’s failure to live up to its hype as a hedge in times of turmoil and conditions in the FX market […]

Citi Top as Greenwich Sees Sell Side Investments Paying Off

Fixed-income dealers’ response to long-term challenges facing the industry could be working to the advantage of global investors, according to Greenwich Associates’ research. The firm says that as most banks around the globe face pressure to increase profitability, they are increasingly competing among a small set of dealers, new liquidity providers and, to some extent, […]

In the FICC of It

There is a packed agenda for Galen Stops’ last In the FICC of It podcast as he and Colin Lambert discuss a busy week in FX markets – especially if you’re in the survey business! After Lambert salutes Refinitiv for its gesture in donating brokerage to the Australian bushfire relief effort and Martin Mead on […]

And Another Thing…

It’s been quite a week in the HFT world with Navinder Sarao escaping jail time for his spoofing activities that the US authorities ridiculously claimed led to the May 2010 flash crash, and the UK’s FCA releasing a report stating that latency arbitrage in UK equity markets adds 17% to the cost of trading or […]

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.