Institutional bond trading volumes boomed last year, everywhere except Japan. Global bond trading by institutional investors hit $25.32 trillion in 2002. Bond assets under management climbed to $21.6 trillion. One in ten funds account for four in five trades. And
EuroMTS today announced the appointment of Scott Stark to develop the EuroMTS Index, a new eurozone government bond index to be calculated using prices from the MTS Group. Stark joins the company from STOXX Limited, where he served as Managing
Eurex Bonds, the electronic trading platform operated jointly by Eurex, the international derivatives exchange, and a number of bond trading firms, says two more firms have joined the platform. Deka Bank Deutsche Girozentrale has been active as a new trading
The repo committee of the International Securities Markets Association (ISMA) today published its annual update of legal opinions on the GMRA in 33 countries around the world. Updated opinions are published for all countries except Austria and South Africa, and
Debt issued by State owned Etablissement Public Industriel et Commercial (EPIC), which takes stakes in industrial and commercial companies on behalf of the French government, was listed on MTS France on Friday, April 4. The €4 billion 3.375 per cent
Charles Schwab is understood to have switched its third party lending programme from Deutsche GSS, recently acquired by State Street, to Brown Brothers Harriman (BBH). If so, it is a substantial coup for BBH, which did not enter the securities
Barclays Capital, Nomura International, Nordea and The Royal Bank of Scotland have agreed to deal on TradeWeb, the on line fixed income trading platform for European Government bonds. The three banks have also joined the platform to trade Euro supranational
John Gaudioso has joined JPMorgan Investor Services to head up sales and relationship management for non custodial lending in the Western Hemisphere. Gaudioso will report to Picone. Hiring somebody who previously worked at a leading third party lender Gaudioso was
The US junk bond default rate fell in January and February, but will likely remain high in 2003, according to Fitch Ratings. The trailing 12 month US junk bond default rate, based on par value of bonds defaulting, fell to
Tullett Financial has expanded its international market coverage on SwapMarker(tm). All subscribers will now automatically receive a single global service providing the most complete suite of real time capital markets information available. "Following the tremendous growth of SwapMarker North America,