In Q4 of 2017, SimCorp commissioned WBR to conduct a survey of 100 front-office fixed-income professionals including traders, heads of desks, and portfolio managers. The survey focused on strategic priorities for 2018 and the operational challenges faced by fixed-income managers and was conducted by appointment over the telephone.

The Subcommittee developed the concept for a pilot to study an alternative approach that would raise the dissemination caps and modify the dissemination time frames for trades above the caps. The recommended pilot design supported by a majority of the Subcommittee is outlined below

Former Commissioner Mary Jo White had said during the planning phase for the committee in 2016, that it would be established to address disruptive trading practices, amongst other areas. Appetite for immediate action is likely to be tempered by the regulatory climate, with a move to reduce not increase regulation, and a clear need to understand the complexities.

The deal is set to reshape the global fixed income market and significantly boost CME’s involvement in FX with the crown jewel of the deal: BrokerTec.

Electronic-trading technology has matured to the point that about three-quarters of credit investors say they can easily buy or sell orders up to $5 million, according to research by Greenwich Associates. That compares with about one third in 2016, the financial-services consulting firm’s report showed.

Picture a bank that lends $1 billion to small businesses in 12 months, holds $150 billion in corporate bonds, runs the world’s largest money-market fund, offers mobile payments and credit cards, and gives customers cash balances that can be topped up across thousands of homely bricks-and-mortar outlets. Except it’s not really a bank at all, but a technology firm.

A newly formed group of major finance industry players announced today that they have joined an OpenFin-led initiative to bring universal connectivity and standards to all of the financial industry’s desktop applications.

One of the greatest, and perhaps most overlooked, innovations of the past 10 years has been the way mobile operating systems enable software deployment and consumption. Android and iOS operating systems, for example, have created a framework that allows third-party development teams to easily build, deploy and update their software applications.

So far this month, spreads on banks’ two-year bonds have widened by more than 15 basis points, according to Bank of America Merrill Lynch. For all US corporate debt maturing in 1-3 years (which includes bank bonds), spreads have widened 8bps, according to BofAML ICE’s index. 

The growing success of the 2015 venture (TruMid) is the latest sign that new technology is making its mark on the bond market, even as Wall Street maintains a strong grip on a business still done by phone or chat, where larger trades still pose a challenge.