The Vatican said that in certain areas of the derivatives markets there’s an “ethical void which becomes more serious as these products are negotiated on the so-called markets with less regulation (over the counter) and are exposed more to the markets regulated by chance, if not by fraud, and thus take away vital life-lines and investments to the real economy.”

MarketAxess has granted Pimco a special arrangement that allows the bond giant to limit the information it shares on the electronic trading platform and take advantage of any off-market prices, three sources with knowledge of the matter told IFR.

The European Securities and Markets Authority said that just 220 bonds are liquid enough to have to meet the pre- and post-trade requirements in new European Union regulations.

The concern is that as rates rise it will cost companies more to roll over their obligations, and if earnings begin to slump as economic growth slows, that could blow out leverage ratios and lead to credit-rating cuts.

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.