Wall Street banks return to Russian bond trading
Players including JP Morgan, Bank of America and Citigroup have started dealing in Russian bonds again after new Treasury guidelines gave the go-ahead, according to Reuters.
Players including JP Morgan, Bank of America and Citigroup have started dealing in Russian bonds again after new Treasury guidelines gave the go-ahead, according to Reuters.
A debate at the Fixed Income Leaders Summit posed the question will bond trading become low-touch and algo-driven like other asset classes.
Emerging market bonds from local markets including Mexico, South Africa, Hungary and Poland, are available to trade on Liquidnet’s platform.
Fixed income sales across top investment banks globally increased for the first time in four years in 2016.
Report exploring innovation in bond markets addresses the recent proliferation of bond trading platforms.
CFO Harvey Schwartz discusses growth in fixed income trading in fourth quarter of 2016.
Goldman Sachs, JP Morgan, Morgan Stanley and Citi reported strong growth across trading revenues in fourth quarter in 2016.
Citi and Deutsche Bank have agreed to provide data to bond network and will join the board alongside JP Morgan and Goldman Sachs.