With hedge funds generating a growing share of trading volumes in many fixed-income products - and a majority of the volume in several especially lucrative products - global and European investment banks are concentrating their efforts on these increasingly profitable customers. Or so suggests a new study of fixed in
Marketpipe Limited, which operates a new issue network in the fixed income markets and also licenses its products to banks, has been sold to Ipreo LLC. Marketpipe was formed in 2000 and currently has 19 investment banking clients serviced by 30 employees from its London office. With the acquisition of Marketpipe, Ip
The Spanish Financial Futures and Options Exchange, MEFF, says Deutsche Bank Madrid has joined the exchange as a direct clearing member, and Fortis Bank Madrid has joined as a custodian clearing member. Liquid Capital Securities and Nomura International, both of which are based in London, have joined as trading member
Eurex, the international derivatives exchange, will launch the world's first exchange-traded credit derivatives contract on 27 March 2007, a future based on the iTraxx
The Depository Trust & Clearing Corporation (DTCC) has appointed CLS Bank International (CLS) to provide central settlement of payments for over-the-counter (OTC) derivatives contracts housed in the Trade Information Warehouse it launched earlier this week. The aim is to provide an integrated global payment processin
The Depository Trust & Clearing Corporation (DTCC) has launched a Trade Information Warehouse, which it claims will reduce the manual component in post-trade processing of over-the-counter (OTC) derivatives transactions. DTCC announced its plans to build the warehouse in February this year. Since then, a DTCC team ba
The take-up of electronic trading in global fixed income markets accelerated sharply in 2006, according to the annual Securities Industry & Financial Markets Association (Sifma) survey. The data revealed that 74% of operators of electronic trading systems for fixed income securities witnessed an increase in trading v
New York-based Global Electronic Markets (GEM) has licensed the trade comparison component fof its FpML Mediator software to T-Zero, the credit derivatives trade affirmation platform. The integration of the software will enable T-Zero's buy-side clients to perform trading activities such as assignments and early term
The Managed Funds Association (MFA), the trade association for US hedge funds, has pledged its support for the recommendations on equity derivatives practices set out by a group of 17 US broker dealers in a letter of 21 November to the Federal Reserve Bank of New York and other US securities and derivatives markets re