The London Stock Exchange (LSE) has successfully launched its electronic order book for bonds and has signed three firms to provide market-making services on the new platform. read more »
Fixed Income
Newedge names new Asia-Pacific, fixed income heads
Newedge, a multi-asset brokerage and clearing provider, has appointed Laurent Cunin as head of the Asia-Pacific region and Pierre Gay as head of global fixed income, currency and commodities (FICC). read more »
German investors lack confidence in equities – Greenwich
A large percentage of German institutional investors plan to leave their equity allocations at low levels over next three years, potentially relegating equities to the status of a niche asset class in the country for the foreseeable future, according to research and consulting firm Greenwich Associates’ 2009 German Investment Management Study. read more »
Deutsche Börse to challenge bond trading injunction
German exchange group Deutsche Börse will attempt to persuade the Frankfurt Regional Court to lift before the end of the month the injunction that closed its new electronic bond market. read more »
Deutsche Börse starts trading bonds on Xetra
German exchange group Deutsche Börse has launched a market-maker driven trading model for bonds on its Xetra electronic trading platform. read more »
New bond MTF to use BNP Paribas’ post-trade services
Vega-Chi, a planned multilateral trading facility (MTF) for convertible bonds, has appointed BNP Paribas Securities Services, a division of French bank BNP Paribas, as a post-trade partner. read more »
Electronic bond trading in Europe to recover – Celent
Volatility and wider spreads wrought by the financial crisis have pushed more European fixed income trading towards voice-based channels, but an electronic trading resurgence among the buy- and sell-side is underway, according to a new report from research and consulting form Celent. read more »
New Markit index to offer US convertible bond exposure
Financial markets data provider Markit has launched a new convertible bond index designed to provide investors with exposure to the broad US convertible bond market. read more »
LSE hires ex-broker to head bond exchange
Jack Jeffery, a former executive at inter-dealer broker ICAP, has been appointed the new CEO of European fixed-income exchange MTS, a part of the London Stock Exchange Group (LSE). read more »
Polish alternative bond trading platform approved
The Polish Financial Supervision Authority has approved changes to the Warsaw Stock Exchange's (WSE) alternative trading system regulations that will allow the bourse to launch the unregulated trading portion of its new CATALYST corporate and municipal bond market on 6 October. read more »
