News

MiFID II Data To Drive Bond Market Structure

MiFID II Data To Drive Bond Market Structure

True innovation in bond market structure is two to four years away and one of the most important drivers will be the data generated by new European Union regulations.

The International Capital Market Association report said in its report for the first quarter of this year that electronic trading is increasing in the bond market, driven by pre- and post-trade efficiencies and the need to access new sources of liquidity as banks have shrunk their balance sheets.

“However, MiFID II is shifting gears and is significantly speeding up the evolution of electronification of fixed income trading,” added ICMA. “MiFID II is changing trading models.”

Illuminate Financial Management, the venture capital firm which funds fintech companies in capital markets, invested €2m in AxeTrading last year. AxeTrader, the technology provider’s flagship platform, provides banks, broker-dealers and buyside firms with an aggregated view of fixed income liquidity including axes, runs and quotes from the electronic venues, messaging platforms and voice channels used by a client and can help meet the MiFID II best execution requirements.

Another Illuminate investment, TransFICC, is joining Accenture’s sixth FinTech Innovation Lab London. TransFICC allows firms to use one connection to access multiple fixed income and derivatives venues as the volume of electronic trading increases.


Read the complete piece at http://marketsmedia.com/mifid-ii-data-drive-bond-m...


Share
Filter by section
Most popular stories
Mob Rules - Moving to Virtual Pair Programming

Mob Rules - Moving to Virtual Pair Programming

Like all companies, lockdown has impacted the way we work at TransFICC. We have always championed Extreme Programming as our methodology of choice, so when we decided to close the office at the start of March, this raised some issues around how we would operate with everyone working remotely.


Read More Twitter LinkedIn
All Change - Technology & Efficiency Are The (Old) New Buzzwords in Fixed Income

All Change - Technology & Efficiency Are The (Old) New Buzzwords in Fixed Income

Steve writes for The Financial Technologist - published by Harrington Starr


Read More Twitter LinkedIn
Press Release - TransFICC Secures New Investment From AlbionVC, ING Ventures and HSBC

Press Release - TransFICC Secures New Investment From AlbionVC, ING Ventures and HSBC

TransFICC has closed its Series A investment round for £5.75 million. Led by AlbionVC, it included new strategic investments from ING Ventures and HSBC. The new investors join existing shareholders, Citi, Illuminate Financial, Main Incubator (the R&D unit of Commerzbank Group) and The FinLab.


Read More Twitter LinkedIn
Twitter Feed