What is behind the falling cost of IG liquidity?

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…

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Countdown to T+1: Market Readiness and the Push for Automation

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…

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Traders’ concerns moving away from liquidity and re-focusing on inflation, finds latest JP Morgan e-trading survey

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…

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