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How BlackRock Rules the World – The American Prospect 

Full Article: The American Prospect

BlackRock’s Aladdin risk-management system, a software tool that can track and analyze trading, monitors a whopping $18 trillion in assets for 200 financial firms; even the Federal Reserve and European central banks use it. This tremendous financial base has made BlackRock something of a Swiss Army knife—institutional investor, money manager, private equity firm, and global government partner rolled into one.

Wall Street Fear the End of an Era – Bloomberg 

Full Article: Bloomberg

Credit traders at some of the world’s largest banks are convinced hedge funds and brokers have penetrated their members-only club. The claim — based on interviews with more than 16 bankers, including seven who head trading desks — is that rivals and even clients are now accessing information from trading platforms that have long been the exclusive domain of the banks.

$250 Trillion in Debt: The World’s Post-Lehman Legacy – Bloomberg Opinion 

Full Article: Bloomberg Opinion

How can officials from the Federal Reserve to the Bank of Japan even pretend to know how to reverse what they’ve done over the past decade? I’m speaking specifically about propping up financial markets with easy money and allowing the world’s debt burden to balloon to almost $250 trillion.

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.