Buy-Side
The Thursday T+1 trading conundrum
Why T+1 settlement in the US is causing a trading drought on a Thursday.
Tag: ICMA
Fixed Income
What happened to e-trading in fixed income?
Following a spike in volatility due to the coronavirus pandemic, Hayley McDowell looks at how bond traders handled the changing market environment amid research suggesting e-trading fell apart in some markets.
E-trading in European corporate bond markets broke down at peak of crisis
Study from ICMA suggests that corporate bond traders were forced to revert back to voice trading at the height of the recent market volatility.
Investors struggled to access repo market at height of COVID- 19 crisis
ICMA research found that while demand for repo increased, dealers’ capacity to intermediate was constrained and limited access to many firms that needed it.
Buy-side traders urge regulators to exclude cash bond market from CSDR buy-in regime
Trade associations have said cash bond markets should be excluded from initial rollout of the CSDR buy-in regime until the regulation’s impact on liquidity is fully assessed.
Industry bodies step up call for delay to CSDR buy-in regime
Both buy- and sell-side firms agree the mandatory buy-in regime will have significant negative implications on Europe’s capital markets.
Buy-side agree EU CSDR buy-in regime will threaten bond liquidity
Asset managers have expressed concerns that the CSDR mandatory buy-in regime will impact liquidity and increase costs.
Former BNP Paribas bond trading head appointed ICMA chairman
Martin Egan has been elected as chairman of ICMA and will replace Spencer Lake.
ICMA calls for capital relief to encourage bond market making
ICMA stresses importance of market making in illiquid bond markets and urges capital relief to encourage the model.
Buy-side must work harder to access bond liquidity, says ICMA
ICMA board member, Joanna Cound, explores how the buy-side should adapt to changing market structure in group’s quarterly report.