Fixed Income

France’s AMF has imposed a fine on Morgan Stanley for allegedly manipulating bond prices, but the US bank will appeal the decision.

Pimco will use OpenGamma’s technology in a bid to reduce margin financing costs for derivatives trading.

Asset managers have expressed concerns that the CSDR mandatory buy-in regime will impact liquidity and increase costs.

The MarketAxess trade confirmation engine aims to reduce risks and provide greater post-execution control by automating the process.

Portfolio trading has been increasing in popularity with the buy-side amid the launch of Tradeweb’s platform for US credit bonds earlier this year.

The partnership between HSBC, SGX and sovereign wealth fund Temasek marks the first end-to-end digitisation effort focusing on the Asian bond markets.

Trumid has won investment from Citi via its Spread Products Investment Technologies (SPRINT) program.

BTIG has made several new hires from Jefferies, Societe Generale and Blantyre Capital to bolster the fixed income credit team in Europe.

UBS was found to have overcharged the post-trade spread for around 28,700 client transactions in Hong Kong over a ten-year period.

MarketAxess will build on LiquidityEdge’s dealer-to-dealer platform and plans to launch it with new connections next year.