Fixed income

January 30, 2014

MarketAxess quarterly revenue jumps 25%

Electronic fixed income trading platform MarketAxess earned US$60.4 million in Q4 2013, up 24.4% on Q4 2012, driven by gains in commission revenue as the platform operator extended market share.

January 24, 2014

Buy-side actively making bond prices, says MarketAxess

Asset managers have already begun the expected shift to making prices in corporate bonds, MarketAxess CEO Rick McVey has said, driven by greater all-to-all market functionality that he believes will increase significantly.

Fixed income slump forcing banks to adopt new modelsJanuary 22, 2014

Fixed income slump forcing banks to adopt new models

Investment banks’ fourth quarter financial reports have revealed many are struggling to make money in the fixed income market, with industry experts expecting big changes to their business models in 2014.

December 05, 2013 launches bespoke buy-side front end

Fixed income trading platform has created a bespoke front end for electronic bonds trading that will connect several top US asset managers to its central limit order book.

November 01, 2013

Barnier criticism of derivatives reform lacks clarity

A letter demanding greater transparency in derivatives markets from European commissioner Michael Barnier lacks clarity and is unrealistic, according to industry association the Wholesale Markets and Brokers Association.

November 01, 2013

Warning of more fines on interbank benchmark rates

Fines for the manipulation of Libor may not be the end of the story as regulators in other jurisdictions investigate their national benchmark interest rates, according to Kevin Milne, CEO of Rate Validation Services.

October 31, 2013

Liquidnet actively exploring bonds trading role

As widespread buy-side demand increases for new electronic bonds trading platforms, institutional block crossing dark pool Liquidnet has indicated its interest in operating a fixed income venue, but said it has no firms plans at this stage.

October 30, 2013

Buy- and sell-side demand new bond platforms

An overwhelming proportion of buy- and sell-side firms want new electronic platforms to trade US corporate bonds to help manage the increased regulatory burden placed upon broker-dealers combined with the expected tapering of quantitative easing, a report from consultancy TABB Group has found.