Junk Traders Shift From Old Habits as Electronic Market Expands

Electronic trading is finally taking off in the junk-bond market, where instant messages, phone calls and close-knit relationships have long defined the way of doing business. MarketAxess Holdings Inc. saw high-yield trading jump 52% last month from a year earlier to a record $1.9 billion in average daily volume, the company said last week. Rival…

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What the coming interest-rate hike will mean for FICC sales and trading jobs on Wall Street

Fed rate hike may have greatest impact in the high-yield bond market and FICC sales and trading businesses Source: eFinancialCareers You should expect an interest hike in the U.S. before Christmas. Growth is accelerating in the U.S. and it’s unlikely that the Fed will resist calls to increase interest rates before too much longer. What will…

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