Deutsche Bank becomes largest foreign bank for onshore Bond Connect volumes
Deutsche Bank expects activity on China’s Bond Connect to increase, forecasting a further $120 billion flow into onshore bonds in the next few years.
Fixed Income
Neptune launches bond market data composite with CME Group
Data for the global bond market composite has been sourced from a combination of axe/inventory positions and two-way streams.
State Street processes $140 billion of client-cleared repo transactions
State Street expects buy-side clearing of repo financing to increase significantly among mutual funds and money markets funds in the US.
Credit Suisse Asset Management invests in fixed income price transparency firm
Solve Advisors’ platform uses machine learning and NLP to aggregate data in fixed income markets for price discovery.
Bloomberg brings early alerts to corporate credit with machine learning
Early alerts will provide traders with predictive insights into USD corporate investment grade and high-yield securities.
MarketAxess to acquire US treasuries firm LiquidityEdge for $150 million
MarketAxess will expand into the US treasury trading market with its acquisition of LiquidityEdge.
ICE to acquire fixed income indices from BAML
The MOVE index will become part of the ICE Data Services business upon closure of the deal.
MarketAxess and Charles River partner on connectivity to credit markets
MarketAxess Auto-X will be integrated with Charles River’s order and execution management system.
Former LCH chief to lead FICC standards group as CEO
Martin Pluves will join FMSB in October as chief executive officer, following a decade at London clearinghouse LCH.
MarketAxess adds former BlackRock trading head to board of directors
Richard Prager retired as global head of trading, liquidity and investments platform from BlackRock earlier this month.