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Bond Market’s Data Flood Spurs New Era of Billion-Dollar Trades – Bloomberg

Full Article: Bloomberg

The quantity of information captured each day at the asset manager’s fixed-income unit has tripled in the last two years to 92 terabytes — or 92 trillion bytes. That includes active inventory, trade data, 4 million messages and direct price feeds. By comparison, scientists using the Hubble telescope to
understand the origins of the universe suck in 10 terabytes a year.

MarketAxess Holdings Q2 Earnings Call Transcript – Motley Fool

Full Article: Motley Fool

Now our investors with the introduction of live markets, clients will be able to place orders in a market that is available to all and that’s a critical function that has been missing from the bond market. It’s a function that we take for granted in other markets, but the future is market where clients can rest orders and obviously the equity market globally where clients can rest orders, we are building a place for clients to rest order side by side with dealers to stream price to clients.

The New Quant Billions Are Hiding in the Bond Market – Bloomberg

Full Article: Bloomberg

In credit, systematic traders sort corporate obligations into buckets called carry, value, momentum and size to analyze spreads relative to credit risk, leverage, the size of the issuer and ease of trading. Factor devotees say their volatility-adjusted approach sidesteps yield-chasing and duration risk. And after back-testing, JPMorgan Chase & Co. estimates long-only factors can best the market over the long haul.  

BlackRock’s Head of Trading Lays Out How the Firm is Navigating the Electronic Transformation of Fixed Income – Business Insider

Full Article: Business Insider

“What we would do is we would connect with five to six of the liquidity sources, with broker dealers, and then it’s important to partner with firms like [Tradeweb] and MarketAxess to aggregate the next hundred liquidity providers. That liquidity is important to us,” she said.