Research firm Aite Group has issued a report that concludes electronic institutional trading models are set to increase their participation in the US corporate bond trading markets.
The FTSE Group will take over the calculations for offshore RMB fixed income indices created by the Bank of China (Hong Kong) as part of an agreement to develop a series of new benchmarks.
Crédit Agricole has become the first bank to provide sponsored access to its buy-side clients on London Stock Exchange-owed non-government bonds platform MTS Credit – but the bourse says it is in no hurry to add others immediately.
Nomura will develop new fixed income indices as part of new collaboration with S&P Dow Jones Indices, based on the Japanese investment bank's Bond Performance Index.
According to figures from research firm Strategic Insight, an affiliate of The TRADE, bond funds in 2012 captured comparatively high inflows in Asia compared to equity funds, with implications for outbound investment from individual Asian markets.
Institutional investors anticipate a series of changes to their fixed income investment and trading practices as post-crisis reforms threaten to squeeze liquidity, results of theTRADEnews.com's March poll indicate.
Global markets operator Nasdaq OMX will acquire the eSpeed electronic trading platform for US treasury notes and bonds as the fixed income market undergoes wholesale regulatory-driven change.
Brokers are finding new ways to offer the buy-side access to bonds, but risk fragmenting liquidity in a market that can already be challenging to navigate.
A collaborative industry push to establish a bonds trading platform in Europe led by Deutsche Bank, has gained considerable buy- and sell-side support and will use an order book to match buyers and sellers of bonds.
Buy-side traders hope new rules that force transparency on the bond market will not result in an undue increase in transaction costs.