Fixed Income

While 23 European markets moved to T+2 earlier this month, the US has come one step closer to doing the same.

A new wave of fixed income trading platforms are set to launch in the coming months and, while they are each taking a different approach, all are targeting the buy-side as the key to unlocking liquidity.

An ambitious project to simplify connectivity for OTC trades has received the backing of 25 market participants, including major institutional asset managers, and expects to begin its first phase of implementation before the end of the year.

The buy-side’s demand for fixed-income research, and its willingness to pay for it, has increased dramatically over the past two years, notes a recently published research report from industry analysis firm Greenwich Associates.

Agency broker ITG plans to use its own version of the national best bid and offer (NBBO) system and apply it a part of its new fixed income dark pool.

Market participants are facing a tough compliance schedule in the coming months as numerous new regulations come into force globally.

Industry bodies are split over how best to class non-equity instruments under MiFID II in order to determine whether they should be subject to transparency rules.

A level of standardisation will emerge as clearing houses with global reach establish regional entity tie-ins with clearing houses in the rest of the world, TABB Group research has found.

Interdealer broker ICAP believes significant opportunities exist to grow its business in the market data and benchmarking space.

As financial regulators try to reduce systemic risk in the financial markets further, industry analyst firm Greenwich Associates finds that the top five fixed income dealers have increased their share of the interest rate and US Treasuries market.