The Bank of England (BofE) has today launched a new stress testing “exercise” to improve the understanding of how major banks and buy-side behave in stressed market conditions, including how these behaviours might interact to “amplify shocks”. The launch follows the UK gilt crisis in September last year where in less than three days, 30-year…
U.S. bond investors are coming around to using technology more to trade fixed-income products, as they seek to inject efficiency into processes that are still largely done manually, a study by financial analytics firm Coalition Greenwich and global fintech firm TS Imagine said. Traders have slowly adopted execution management systems (EMS) in their workflow to…
Pensions & Investments highlights artificial intelligence’s impact on the asset management industry and better long-term outcomes for clients with @Vanguard CEO Mortimer J. “Tim” Buckley “What we’re suddenly discovering with generative AI there are a lot of cognitive things that we do that are actually fairly routine,” Mr. Buckley said at the Investment Company Institute…
The Trade highlights recent Linedata survey findings, where almost half of respondents in the UK are prioritizing investment in automation to drive business results. Linedata’s 2023 global asset management survey has found the main focus globally is on future cost saving and automation. The survey from Linedata included responses from 265 firms in the Americas,…
In Flow Traders’ latest whitepaper, the market maker states that a shift to electronic executions has helped increase Euro IG volumes, while exploring additional advancements in the wider fixed income markets. Market structure changes in the Euro investment grade (IG) markets and new drivers of liquidity are evolving buy-side trading styles, a whitepaper by Flow…
The resilience of the $1.4tn US junk bond market is puzzling investors worried about higher interest rates and an economic downturn. Despite concerns over the health of the world’s biggest economy, with some market indicators pointing to recession, yields have fallen since highs last autumn while spreads over government debt have tightened in recent months….
TORONTO and London – May 10th, 2023—Overbond, the leading API-based credit trading automation and execution service in the global capital markets, and Deutsche Börse Market Data + Services (MD+S), have entered into an agreement relating to the recently launched Clearstream Bond Liquidity Data offering. The agreement will provide Overbond customers with market insights on instrument…
Toronto and London – May 18, 2023 – In the fixed-income trading space, data gaps remain a challenge for efficient, profitable fixed income trading and automation. This is especially true in Europe, where transparency in fixed-income instruments hardly exists. Amidst this broad data gap, bond desks may use and aggregate any existing but incomplete data…
A buy-side perspective on the electronification and automation of corporate bond trading Why this report was written: Buy Side Perspective On Bond Trading Automation The fixed income markets have changed dramatically over the past decade. New regulations, new fixed income products, the rise of EľFs, and the emergence of electronic all-to-all platforms and non-dealer liquidity…
Investors are shying away from the riskiest US corporate debt as fears of an impending recession fuel a growing divide between the highest- and lowest-rated companies in the $1.4tn high-yield bond market. Last month’s banking crisis sparked a sell-off in so-called junk bonds of all stripes. But while higher-quality debt has clawed back its losses,…
With trading volumes for US corporate bonds up
