openbondx-maker-taker-rebate

e-Bond ATS “OpenBondX” Promotes Maker-Taker Rebates

Start-up corporate bond trading system OpenBondX is hoping to pull a rabbit out of its hat and jump start activity by emulating what the universe of equities-centric electronic exchanges and ATS platforms do in order to attract order flow to their respective venues: pay broker-dealers for orders given to them…Read More

21 April, 2016
rate-hike-risk-rareview-macro-marketsmuse

To Whom It May Concern: Inflation Risk Is On

Memo: To Whom It May Concern: Inflation Risk is Back In Play Below is a special edition of global macro commentary courtesy of Stamford-based think tank Rareview Macro LLC, the publisher of "Sight Beyond Sight." The following has been excerpted by the curators at MarketsMuse and republished with permission from…Read More

20 April, 2016
equity-options-v-credit-default-swaps

Experts Eye Equity Options v Credit-Default Swaps

Violent price swings across financial markets this year have forced corporate bond investors to re-evaluate their portfolio allocations, and subsequently, their hedging strategies. Diminishing liquidity in credit-default swaps has led many traders to delve into equity options. (TABB Group) by columnist Callie Bost- Imagine you’re a corporate-bond trader and the…Read More

8 April, 2016
toyota-debt-deal-minority-brokerdealer

Corporate Debt Watch: Toyota Landmark Deal

On the heels of this past week’s near record-breaking investment grade corporate debt issuance courtesy of multiple Fortune companies who are seizing the moment insofar as the current low rate regime, Toyota Motor Credit Corp (TMCC), the financing arm of the world’s largest car maker did something different yesterday in…Read More

6 April, 2016
bny-mellon-mischler

World’s Biggest Bank Gets It; Gives It Back

BNY Mellon 'Gets It' and Also Gives It Back. With close-on $29Trillion in deposits and $1.3Trillion in AUM, BNY Mellon (NYSE:BK), the oldest bank in the U.S. is not just the country's biggest, it ranks as one of the world's biggest banks. Hundreds of financial industry professionals now working across…Read More

4 March, 2016
wsl-2016-best-broker-dealer

2016 Wall Street Letter Award For Best Broker-Dealer Goes…

If not as widely-covered as the GOP or DNC primaries, financial industry publication Wall Street Letter ("WSL") held its 5th Annual Institutional Trading Awards ceremony last night at NYC venue 583 Park Avenue and recognized best-in-class broker-dealers across 7 major categories, including Best Broker Dealer (OverAll), Best Broker-Dealer Research, Best…Read More

24 February, 2016
bond-etf-trading

Bank Trading Desks Merge Bonds and ETFs

Corporate Bonds and exchange-traded funds is a combination that first seemed counter-intuitive to the select universe of traders who are actually fluent in both corporate bond trading and equity trading; two practice areas that are distinctively different. “Stocks are bought and bonds are sold” as they used to say, and…Read More

18 February, 2016
junk-bond-etf-liquidity

Junk Bond ETFs-The Liquidity Debate Goes to SEC

MarketsMuse ETF and Fixed Income curators have frequently spotlighted the ongoing debates as to whether corporate bond ETFs, and in particular, junk bond-specific exchange-traded-funds pose special risks. Some argue that a liquidity crisis could unravel the high yield bond sector if/when institutional investors decide that risk of recession continues to…Read More

8 February, 2016
investors-impaired-rareview

Professional Investors Are Impaired Says MarketsMuse

Referring to anyone as 'being impaired' is not a compliment. And, in the world of financial market punditry, where at least half of the experts are best at telling their audience what happened during the past 12 hours, while another 45% who position themselves as forecasters are right maybe 50%…Read More

5 February, 2016
tradeweb-muscles-into-etf-electronic-execution-space-marketsmuse

TradeWeb Muscles Into ETF Execution Space

Fixed Income trading platform TradeWeb, best known for its dominant role administering OTC government securities trading between global banks and institutional customers is muscling into the world of ETFs. Tradeweb has just launched an electronic over-the-counter marketplace for trading exchange traded funds using a "request-for-quote" aka "RFQ"- based platform that…Read More

3 February, 2016
keep-calm-and-put-things-in-perspective-marketsmuse-rareview-macro

Global Macro View-Friday’s Stock Rally In Perspective

MarketsMuse curators have canvassed assortment of guru-types who have attempted to decipher Friday's stock rally, along with tuning in to the abundance of Monday morning quarterback views. For those who turn to the cartoon channel (i.e. CNBC), some pundits call it a dead cat bounce, more optimistic professional traders and…Read More

1 February, 2016
fintech-blockchain-bonds

Even Blockheads Get Blockchain and Corporate Bond Issuance

MarketsMuse fintech and fixed income curators are both noticing increasing upticks in stories relating to the use of blockchain technology specifically for use within the corporate bond issuance process. We might have been one of the first to focus on this application despite the early stage push back from IT…Read More

21 January, 2016
goldman sachs MBS fine

Goldman Sachs in Whopping 5bil Settlement Over MBS Deals

Announced after the close of trading on Thursday, Goldman Sachs $5.1 billion settlement with the U.S. Department of Justice, AGs from NY and IL and two other federal agencies in connection with the big bank's underwriting and sale of mortgage-backed securities (MBS) sounds whopping, but seemed to have little impact…Read More

14 January, 2016
marketsmuse debt market

MarketsMuse 2016 Debt Market Outlook-The Caribbean Connection

To kick off the 2016 debt market outlook, MarketsMuse fixed income curators are looking forward to the next Caribbean boondoggle, and in that spirit, we extend a shout out to Ron Quigley, one of the primary debt capital market's top pulse-takers who also goes by the title Head of Fixed Income Syndicate…Read More

5 January, 2016
wrong way first trade global macro

2016-Global Macro-The Wrong Way First Trade

You don't need to be a MarketsMuse or a global macro guru (or any other type of pundit) to know that professional financial market traders are only as good as their last best trade. In that spirit, we look to the 2016 outlook and spotlight on the Wrong Way First…Read More

3 January, 2016
vetedchallenge crowdrise

Hedge Fund Honcho Behind Crowdfund for Veterans Education

Marathon Asset Management CEO Bruce Richards Leads Crowdfund Campaign for "Veterans Education Challenge" Hedge Fund Honcho Will Match $1mm Raised via Crowdfunding Platform CrowdRise (RaiseMoney.com) For those Wall Street sharks and finance industry wonks who haven’t yet received the memo about crowdfunding, you might want to dial in to hedge…Read More

13 November, 2015
HYG v VIX

High-Yield Credit Spreads, HYG and VIX-Reading The Tea Leaves

MarketsMuse followers have been reminded more than a few times that conventional wisdom requires investors to keep their eyes on corporate bond spreads so as to have a clear lens when considering the outlook for equity prices on a medium-to-longer time frame. The relationship between high-yield debt,most-often measured by HYG…Read More

13 November, 2015
veterans day

How One Wall St Firm Honors Veterans Day

9 November (BrokerDealer.com)--Broker-Dealer Mischler Financial Group (“Mischler”) , the securities industry’s oldest minority investment bank and institutional brokerage owned and operated by Service-Disabled Veterans announced that in connection with the firm’s annual recognition of Veteran’s Day, Mischler has pledged a portion of the firm’s entire November 2015 profits to The…Read More

9 November, 2015