Pre-Trade Analytics: The Precursor to UMR Threshold Monitoring and Cross Asset Margin Management Whether you are a Phase 6 firm working to monitor your margin to keep under the UMR threshold come September, or a Phase 4, 5, or 6 firm looking to support cross-asset margin management; pre-trade analytics is essential to support the processes…
Traditionally issued by high-growth companies, these securities have drawn tourism and travel companies who need to raise cash Source: WSJ Companies hit hard by the coronavirus pandemic flooded the market this year with the most convertible bonds since 2007. Investors who scooped up these securities have been rewarded with strong returns. Travel and hospitality companies including…
SOR has been enabling automation in equities asset class for two decades. It’s now poised to enhance the bond market Increases in fixed income electronic trading volumes have driven enhancements in trading desk operations over the previous five years, making the lives of traders easier in today’s natively digital world. Trading workflow enhancements, however, that…
Source: The Desk As new platforms promise to increase efficiency in bond issuance, buy-side firms are looking for leverage to drive change, and not only through technology. The US debt markets had issued US$1.92 trillion of bonds by September 2020, with US$1.4 trillion raised in the first half alone, according to Refinitiv data. That peaked…
Source: Bloomberg Corporate bond market participants should provide more granular data when they report trades to give dealers additional insight into their clients and investors a better understanding of where liquidity is, according to a report from research firm Greenwich Associates. New standards are necessary as electronification intensifies the need for greater transparency, according to…
Source: Markets Media Over the past few years, regulatory and competitive pressures have driven a steady rise in the adoption of transaction cost analysis (TCA) in the fixed income space. Market participants are under increasing scrutiny to demonstrate best execution, manage outliers and review their own performance. Primarily, participants have turned to post-trade analytics to…
U.S. central bankers look poised to discuss the future of the Federal Reserve’s asset-purchase program when they meet again in November, potentially heralding a shift in what they buy, or an increase in how much they purchase. The ramifications of the discussion will have significant implications for the US bond market. Adapt and adjust to…
With Canada, US, UK, Australia, and New Zealand the only major bond markets without negative rates there lies a great threat to the financial system should these remaining major markets dip into negative territory. Although former Fed Chairman Alan Greenspan does not see this as “that big of a deal” investors would certainly take the…
With the US Presidential election just around the corner, markets are poised to experience increased volatility. Saxo Bank’s chief economist, Steen Jakobsen, stated that both Trump and Biden would spend huge amounts of money and lean on the Fed for supporting easy financing conditions and neither of them would seek deep reform. Regardless of who…
With Euro-zone inflation weakening further last week, forecasts for ECB’s emergency asset-purchasing program (PEPP) are expecting the program to be extended until the end of 2021, according to Goldman Sachs. The shifting expectations for the program will surely cause short-term volatility in the EU bond market. Navigate the changing sentiment in the market and anticipate…
With trading volumes for US corporate bonds up
