Japan-based investment bank Nomura has named Gary Cottle as its new head of fixed income for Europe, Middle East and Africa.
The Royal Bank of Scotland has recruited industry veteran Jeremy Smart as global head of electronic distribution, as the UK state-owned bank prepares for growing automation of fixed income trading.
MarketAxess has added new functionality to its electronic bond trading platform, which now lets users better manage market impact and source liquidity in the credit markets more effectively.
Traditionally an afterthought for buy-side traders, FX trading is starting to become more front of mind, evidenced by greater innovation and evolution of trading tools designed specifically for the asset class.
Deutsche Bank has overhauled its Autobahn FX trading platform, which it says will give buy-side customers more control over their currency trades.
Regulators are currently deciding on the best way to move ahead with reforms that encourage electronic trading in bond markets. But market participants are concerned that too much transparency could damage liquidity.
NYSE Euronext and TradingScreen are sweetening the deal on their on-exchange corporate bond trading offering by giving free access to the buy-side.
Independent investment manager Convictions Asset Management said the challenge of locating fixed income liquidity was behind its recent decision to outsource execution to BNP Paribas Securities Services.
Goldman Sachs launched its new bond trading platform, G Sessions, late last week, giving US institutional investors another avenue for sourcing fixed income liquidity.
Institutional investors have lobbied European policy makers against proposals for overhauling the fixed income market in MiFIR, which they believe could severely impede their ability to source liquidity in size.