Bringing voices together to promote well functioning markets
Every Friday, we send you an email of top articles related to corporate bond market development. The newsletter is a free service.

Inside the New Quant Gold Rush, Bond Traders Get Rich By Coding – Financial Advisor

Full Article: Financial Advisor

After years of tiptoeing around systematic styles in debt markets, investors are starting to believe in the promise — ushering in a new world of advanced statistics and robot-learning. About 70% of institutional and 78% of wholesale investors reckon the strategy of dissecting securities by their factors, like value and momentum, are applicable to fixed income, according to a study by Invesco Ltd.

Fixed Income Data: Maximising the Benefits of a Changing Landscape – The Trade

Full Article: The Trade

The fixed income market is witnessing an explosion of market data, which presents both benefits and challenges. With this plethora of available information, traders are faced with the task of forming a truly holistic view of available opportunities, and must do so with speed and accuracy.

Goldman Wants Traders to be More Like Dealmakers and Coders – Reuters

Full Article: Reuters

Pricing for investment-grade credit below $2 million is now completely electronic, with plans to expand, said Adam Korn, global head of securities division “strats” and technology. “If you come back in a year or two, I suspect we will have automated the $2-$5 million segment of the investment grade,” Korn said in an interview. 

Bond-Trading Bots on Verge of Becoming Masters of the Universe – Bloomberg

Full Article: Bloomberg

AllianceBernstein Holding LP has introduced a robot to execute corporate-bond trades directly with bots at dealer counterparties. The $587 billion asset manager used the system in August to complete three trades with similar digital assistants at Citigroup Inc., Morgan Stanley and Royal Bank of Canada.