Fixed Income

Vega-Chi has reported the successful debut of its buy-side only trading platform for US high-yield and distressed fixed income products, with over 40 clients supporting the venue from launch.

BondDesk, a provider of US fixed income trading technology and execution services, has hired its chairman Howard Edelstein as CEO.

Agency broker JonesTrading has hired a former Barclays managing director to lead an expansion into convertible bond trading.

Bond trading venue Tradeweb bolstered its expansion efforts by adding central and eastern Europe, Middle East and Africa bonds to its electronic platform.

Deutsche Börse has unveiled plans to stimulate liquidity in the fixed income market with the addition of bonds to its Xetra continuous order book.

The Fixed Income Connectivity Working Group, a collective of global investment banks, has signed a number of venues to its electronic swaps trading standard.

Fixed income trading is moving inexorably towards an electronic market structure but the pace of change will vary across individual markets, according to a new study by consulting firm Celent.

IntercontinentalExchange, a US-based operator of futures bourses, has teamed with Brazilian central securities depository Cetip to launch a hybrid fixed income trading platform.

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.