Fixed Income

Fixed income trading platform Bonds.com has created a bespoke front end for electronic bonds trading that will connect several top US asset managers to its central limit order book.

Fixed income trading solutions provider Algomi will open a US office in January led by former MarketAxess executive Stephen Gallagher who joined the firm this week as head of US operations.

Predictive analytics tools are set to become crucial in the fixed income market as regulatory pressure on the buy-side increases, according to research from consultancy Celent.

Fixed income revenues among the top 10 investment banks have declined by a fifth in 2013 while equity business has boomed, according to research by consultancy Coalition.

Fixed-income liquidity solutions provider Algomi has appointed Neil Murray as head of European sales.

A letter demanding greater transparency in derivatives markets from European commissioner Michael Barnier lacks clarity and is unrealistic, according to industry association the Wholesale Markets and Brokers Association.

Fines for the manipulation of Libor may not be the end of the story as regulators in other jurisdictions investigate their national benchmark interest rates, according to Kevin Milne, CEO of Rate Validation Services.

As widespread buy-side demand increases for new electronic bonds trading platforms, institutional block crossing dark pool Liquidnet has indicated its interest in operating a fixed income venue, but said it has no firms plans at this stage.

An overwhelming proportion of buy- and sell-side firms want new electronic platforms to trade US corporate bonds to help manage the increased regulatory burden placed upon broker-dealers combined with the expected tapering of quantitative easing, a report from consultancy TABB Group has found.

Buy-side pay is growing steadily despite the difficult economic environment and pressure on sell-side remuneration, according to research from consultancies Greenwich Associates and Johnson Associates.