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Bond Syndication Moves Into the 21st Century – IFR

Full Article: IFR

One platform, run by financial software provider Ipreo, is thriving in Europe. But reticence to work with rivals and power struggles have so far stifled change in the US. Faced with the prospect of inevitable disruption, three of the largest US banks – Bank of America Merrill Lynch, Citigroup and JP Morgan – are giving the idea another go.

Why Interest Rates Could Go Up as These Enormous Bond Buyers Get Out of the Pool – CNBC

Full Article: CNBC

Many pension funds, after diving in big time, may be ready to get out of the pool temporarily — or at least slow fixed income investments as summer moves into fall. That’s because when the tax law changed last year, many companies were given until mid-September to deduct their pension contributions at last year’s tax rate instead of the new 21 percent rate.

ICE to Launch New Fixed Income ETF Platform – NASDAQ

Full Article: NASDAQ

The new platform will connect to BondPoint, the electronic corporate bond trading platform ICE bought from Virtu Financial for $400 million in January, and TMC Bonds, the municipal bond trading platform it acquired for $685 million last month, as well as to third party venues, ICE said.

  • Wolfman
    WolfmanAugust 3, 2018"There is a direct creation/redemption process which impacts the liquidity of the underlying constituents of the ETFs themselves and benefits the ETF issuers. Finding tools to democratize that benefit to those who trade the underlying bonds is an idea whose time has come. Traders need tool to connect the dots.…"

The Attack of the “Frankensystems” – Traders Magazine

Full Article: Traders Magazine

PMS. OMS, EMS, venues, dealers and brokers present a swirling pool of moving parts that somehow make up a dizzying array of possible permutations for the ultimate execution tech stack. Indeed this has reached the point now where there is a nomadic tribe of consultants dipping in and out of vendor presentations at client sites, struggling to maintain a demeanour of alertness as a vendor demo heads into its’ third hour.

ECB Under Fire ss Critics of Bond-Buying Program Reach EU Court – Bloomberg 

Full Article: Bloomberg

“The ECB has become a big play-maker in the distortion of competition on the capital markets for sovereign bonds and corporate bonds and has in this way suspended the system of undistorted competition which is mandated in the treaties,” Markus Kerber, a lawyer for some of the claimants, told a 15-judge panel.

Buy-Side Fixed Income Trading Technology Q&A with Wellington – Markets Media 

Full Article: Markets Media

Last year we focused on aggregating different pre-trade data to provide our traders with deeper transparency on the fixed income markets and on improving post-trade cost analysis. This year we are working on combining pre-trade and post-trade data to help our trading team gather more insight through data science with a goal of improving execution.