MarketAxess, the Internet-based, multi-dealer trading platform for credit products, has added a new feature – ‘Auto-spotting’ – which uses live dealer-supplied U.S. Treasury price feeds to progress trades instantaneously from spread to Treasury spot to final price. According to the firm, the traditional phone-based process for trading corporate bonds – a multi-step iterative process involving several people that can take 5 minutes or more to complete – can be compressed so that institutional investors can execute trades with their dealers in seconds. In April, volume reached a new monthly record of $3.4 billion and year-to-date volume surpassed total 2001 volume, the firm said.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.