Fixed Income

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).

ALTX Africa Group, a new exchange operator focusing on East Africa, has been granted its first licence to launch a venue in Uganda.

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.