MarketAxess has launched trading in floating rate notes (FRNs) on its European platform, MarketAxess Europe Ltd. Floating rate notes are debt instruments with a variable interest rate. Coupon adjustments are made periodically, often every six months, and are tied to a money-market index. All transactions on the European platform are executed using a multi-dealer disclosed counter party model and ‘one-step’ trading protocol. The disclosed counter party model is an inquiry-based trading system that allows institutional investors to view multiple bids or offers from participating dealers on a ‘request for quote’ basis. The one-step trading protocol delivers bond price, spreads and government bond levels simultaneously, and accommodates the diverse benchmarks used in Europe.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more