Euroclear and LCH SA expand connectivity for Italian bonds
The two market infrastructures are set to offer clearing members the option to settle Italian government bonds and repos cleared at LCH SA directly in Euroclear Bank from 2026.
Fixed Income
Tradeweb completes first-ever fully electronic RFM swaption package trade
Institutional clients on Tradeweb’s Swap Execution Facility (SEF) can now request and receive a two-way market for swaps and swaptions in one single electronic quote via the new protocol.
Pictet Asset Management: ‘The trick is trust’
Claudia Preece sits down with James Frew and Patrice Guesnet, co-heads of Pictet Asset Management (PAM) fixed income trading, to delve into their formula for success, the importance of building a desk made up of individuals with diverse experiences, and how the team is continuing to innovate alongside the evolving asset class.
Marex to acquire market maker Valcourt to bolster fixed income offering
The deal is set to close in H1 2026, subject to regulatory approval, and will see Marex onboarding 700 institutional clients onto its platform.
Tradeweb launches first electronic bond ATS in Saudi Arabia
BlackRock and BNP Paribas executed the inaugural transaction on the platform; the launch is set to help support the growth of Saudi Arabian capital markets and boost global investor interest.
TRADE Talks: Ninety One’s Ed Wood
Natasha Cocksedge catches up with Ed Wood, fixed income trader at Ninety One, at the Fixed Income Leaders Summit in Amsterdam, to explore liquidity management, the most impactful technological innovations, and what’s to come in 2026.
A shift to T+0 is likely to initially complement T+1, rather than replace it, say experts
With the countdown to T+1 in Europe on, panellists speaking at the Fixed Income Leaders Summit in Amsterdam, considered how likely a subsequent move to instantaneous settlement is, and how the industry might get there.
Buy-side concerns around vested interests and fragmentation remain for full fixed income primary market digitisation
Although the technology exists for increased digitisation in the primary market, pain points persist, affirmed Cathy Gibson, global head of trading at Ninety One, speaking at the Fixed Income Leaders Summit (FILS).
Automation cannot replace human traders, experts stress
Firms should not over-rely on automation and electronification, to avoid errors and under-staffed trading desks, said panellists at the Fixed Income Leaders Summit (FILS) in Amsterdam on Wednesday.
TRADE Talks: Aviva Investors’ Ash Sharma
Natasha Cocksedge sits down with Ash Sharma, multi-asset trading analytics manager at Aviva Investors at the Fixed Income Leaders Summit (FILS) in Amsterdam, to discuss the impact of electronification on fixed income markets, as well as the evolution of transaction cost analysis (TCA), and explores the key innovations set to influence bond analytics over the next year.