With trading volumes for US corporate bonds up 34% year-on-year, the only feasible way to meet this demand is to price and quote bonds faster than a human could via point-and-click, finds Coalition Greenwich report. By Wesley Bray Building on top of the increased electronification of the US corporate bond market over the past decade, trading…
The DESK discusses effective systematic trading, the benefits to end investors, and the skills needed to create and run systematic workflows with Chris Minck, BlackRock’s EMEA head of systematic execution, and Meredith Herold, CEO of BlackRock execution services and global head of systematic execution. Operations 1. What are the precursors to effective systematic trading in…
In the build up to the 2024 iteration of The TRADE’s Algorithmic Trading Survey, Hedge Funds, Claudia Preece takes a deeper look at last year’s findings which saw execution performance experience the largest year-over-year decline in terms of ratings from users of any category, falling 1.60, while ‘better pricing’ jumped from 7.36 to 8.25. By Claudia Preece…
Tame CPI data send investors back into beaten-down regional-bank stocks, while yields fall on bank bonds. Bank stocks held on to gains on Wednesday after the Federal Reserve kept rates steady and a tame monthly inflation gauge sparked optimism in the sector. Advances in bank stocks were more muted than earlier in the session, when…
Buy-side fixed income traders will now have access to Overbond through the SS&C Eze Eclipse application TORONTO, CAN and LONDON, UK – October 12, 2023—Overbond announced today that it has partnered with SS&C Eze. Overbond AI and cloud-generated bond trading analytics and data are now available through the Eze Eclipse single-page application. Eze users can…
LONDON, UNITED KINGDOM, ENGLAND, February 27, 2024 /EINPresswire.com/ — Overbond integrates Neptune Networks axe data to enhance client-specific analytics for corporate trading execution and bring the latest in AI size-adjusted pricing and liquidity discovery Overbond, an AI-driven fixed income analytics and trade workflow automation provider has announced the integration of Neptune Networks Ltd., a fixed-income…
The bid-ask spreads in credit trading across the Europe and US have fallen dramatically in the first three weeks of 2024, relative to the same period in 2023, without a notable change in trade sizes. Measured in price from MarketAxess’s CP+ pricing service, these indicate that the median bid-ask spreads were 43% lower in Week…
As the North American T+1 settlement deadlines fast approach – 28th May 2024 for all US securities settled through DTC and 27th May for Canadian securities – the industry has been ramping up in preparation. And although the shorter settlement cycle promises to increase settlement efficiency, improve liquidity, decrease counterparty risk and reduce overall trading costs, for many market…
Global head of macro e-trading at JP Morgan says the survey results signal traders’ confidence around liquidity for 2024, driven by advances in electronic trading. Traders’ concerns have migrated away from liquidity access and re-focused on inflation for 2024, JP Morgan’s latest annual e-trading survey has found. Roughly 30% of traders across asset classes pegged…
As bonds emerge from a historic selloff, some investors expect better times in the U.S. fixed income market next year – as long as the Federal Reserve’s rate cuts play out as anticipated. A fourth-quarter rally saved bonds from an unprecedented third straight annual loss in 2023, following the worst-ever decline a year earlier. The…
With trading volumes for US corporate bonds up
