Fixed Income

ICAP electronic fixed-income broking volumes reach high levels

ICAP, an interdealer broker, says the average daily electronic broking volumes in its fixed-income products reached record levels in February. Daily fixed-income volumes traded on ICAP's BrokerTec platform - including US Treasury products, EU repo and US repo - reached $692.8 billion in February, 23 per cent higher than a year previously.

GL Trade joins forces with Decision Software

GL Trade, a provider of front-to-back-office software solutions, announced Monday it had acquired American company Decision Software, a firm which provides North American financial institutions with fixed income trading platforms and connectivity to liquidity providers.

Instinet expands commission management offering with launch of T*Share

On Monday, Instinet, an agency-only broker and wholly-owned subsidiary of Nomura Holdings, launched T*Share, a new program which allows institutional clients to trade with multiple brokers while consolidating their commission credits on Instinet’s new Plazma commission management platform.