News

E-trading has grown between 77% and 56% across bond asset classes since the introduction of MiFID II

Regulation, Brexit and Market Fragmentation all got a lot of airtime. But our key takeaway was how trading desks are dealing with automation.

Remember MiFID II? It's back in the news - seen as the catalyst for recently reported platform volume growth

Steve has just returned from the Fixed Income Leaders Summit in Singapore. Perhaps unsurprising, the two themes that dominated discussions were accessing China’s $9tn Bond Market and the continued adoption of electronic trading in Asia.

Last week Steve attended the Fixed Income Leaders Summit in Boston, where the overriding theme was the challenge presented by the growing volume of data.

Eight weeks into the FinTech Innovation Lab and we have pitched to over 1,000 relevant people at target banks, including HSBC, Credit Suisse, Intesa SanPaolo, Nordea, Lloyds and UBS. ....with more to come. We provide an inside view of the Accenture programme.

Do Order Management Systems inhibit innovation in institutional fixed income trading? On balance, YES....

Shanny Basar at Markets Media writes about how MiFID II is driving the evolution of eFI trading, with expected increases in e-trading volumes and market data - two issues that are resolved by TransFICC

The unbundling of research and best execution requirements under MiFID II could become best practice worldwide, as commercial pressures are driving asset managers outside the EU to revise their execution processes and policies.

Key takeaways from the Fixed Income Leaders Summit - Regulation, Data, Best Ex, Technology, Fragmentation and FinTechs

JMH is a tool to measure Java code that is executed within micro-second timescales. Because TransFICC operates an ultra low-latency environment we developed Influx JMH Reporter to process JMH data - this has now been open sourced.

This week we highlight an article written by Jim Greco in his weekly newsletter, TradingPlaces. Jim's article looks at the rise of e-trading, with venues introducing alternative forms of liquidity and e-trading firms emerging to become some of the largest liquidity providers.

GreySpark has just published the second part of its Trends in FI Trading, which includes a review of TransFICC's recently launched One API for eTrading.

New report from GreySpark highlights the structural shift taking place in corporate and government bond trading.

FinTech is HOT in Asia - Steve and Tom have just returned from two exhausting days at the Echelon Asia Summit.

Views from last week's Fixed Income Leaders Summit in Boston. Two full days talking about the key themes in Fixed Income - Fragmentation, Regulation, Transparency and e-Trading.

A very interesting piece by Shanny Basar at Markets Media points to the expected growth of all-to-all corporate bond trading, the increasing number of venues offering all-to-all, how market data is exploding, and the role of technology in connecting these markets. It's got it all.

When markets were more manual and intermediated by people, the flow of information was limited to human networks. Electronic markets, coupled with increased market fragmentation, have multiplied the volume of market data exponentially.

Two articles caught our eye over the last week, which highlight how the Fixed Income market continues to evolve. An article in The Economist highlighted the growth of all-to-all e-trading in corporate bonds and Markets Media published a comment piece about the growth of Market Data in APAC.

Sobia Hamid at The Desk reports that the increase in Fixed Income e-trading is driving the growth of secure connectivity channels.

Corporate Bonds - Under MiFID II there will still be phone calls, but the calls will end when it comes to market-making. If a trade is deemed Large in Size or Size Specific to Instrument Thresholds, clients will hear, "Meet me on a venue".

"...the financial industry is going through a generational change in market structure due to deleveraging, regulation and zero tolerance of compliance failures." - Markets Media interviews Mark Beeston, from Illuminate Financial Management.

Steve is pitching TransFICC again....this time to the FinTech Shark Tank in Boston

Yesterday, Steve attended a busy EMEA FIX Trading Conference. Unsurprisingly, discussions were dominated by MiFID II, with most panels highlighting how the structure of Fixed Income and Derivatives markets will change as a response to regulation.