Fixed income is facing a liquidity crisis as banks are reducing market making activity in the asset class. Could a new US-based dark pool for bonds be the answer to the market’s problems?
The European Securities and Markets Authority may need a new funding model in order to meet its regulatory and data collection obligations, said its chairman, Steven Maijoor.
Nasdaq OMX Clearing is introducing lower clearing fees for Swedish Krona fixed income products and extending its collateral list to include additional assets.
Proposed regulatory technical standards for MiFID II are due to be published in a weighty consultation due at the end of May, a spokesman for the European Securities and Markets Authority had told theTRADEnews.com.
The Depository Trust and Clearing Corporation has thrown its support behind initiatives to introduce a shortened settlement cycle in the US in order to help reduce credit and liquidity risk.
Recent investment bank results have revealed a continued slump in fixed income business, but a new approach to market making could help drive future profitability, according to Stu Taylor, CEO of fixed income solutions provider Algomi.
Block crossing network operator Liquidnet has appointed former Wells Fargo and Deutsche Bank executive Bob Garrett as its new head of technology.
Corporate bond markets are beginning to adapt to the post-crisis world, which will result in returning liquidity, according to research by the International Organization of Securities Commissions.
The European Parliament passed updated rules for the Markets in Financial Instruments Directive, dubbed MiFID II, last night.
Efforts to introduce pre-trade price transparency in the fixed income market could have dangerous repercussions, according UK buy-side body the Investment Management Association (IMA).