Institutional buy-side equities crossing network Liquidnet will offer trading in corporate bonds after agreeing to acquire bond-trading platform Vega-Chi.
European securities markets remain at high risk despite a strong recovery in trading and investment conditions in the second half of 2013, according to a report from the European Securities and Market Authority.
Fixed income trading platform MTS, owned by the London Stock Exchange Group, will have access to hundreds of US clients after agreeing to acquire US corporate bonds platform Bonds.com as it expands its electronic fixed income trading offering.
MarketAxess head of Europe and Asia, Robert Urtheil, is to step down from the role, citing personal reasons.
European regulators have approved of progress made to reforming the Euribor benchmark in the wake of the Libor scandal.
Post-trade solutions provider Omgeo has reported a 12% increase in its fixed income client base in 2013.
The vast majority of interest rate derivatives were centrally cleared ahead of compliance with G-20-inspired rules by institutional investors, according to a new report by the International Swaps and Derivatives Association.
Electronic fixed income trading platform MarketAxess earned US$60.4 million in Q4 2013, up 24.4% on Q4 2012, driven by gains in commission revenue as the platform operator extended market share.
Nasdaq OMX is expanding its First North Bond Market to Finland.
Asset managers have already begun the expected shift to making prices in corporate bonds, MarketAxess CEO Rick McVey has said, driven by greater all-to-all market functionality that he believes will increase significantly.