Daily Archives: November 23, 2017

Bond traders see MiFID’s silver lining as rules crack open data

European bond traders are looking on the bright side of tougher transparency rules — unprecedented market data that can help them make sure they’re not getting ripped off. New regulations will require details on many transactions to be published within 15 minutes, and sometimes before the trade has gone through, previously unheard of in the traditionally opaque bond market. Some dealers and investors are starting to plan how they will capture and analyze the data to help them work out fair values for trades.“Everyone should be analyzing and using the data to better understand the market,” said Mehmet Mazi, HSBC Holdings Plc’s global head of credit trading, and a speaker at this week’s Fixed Income Leaders Summit in Amsterdam. “Firms who do this smarter will have an edge.”Traders are welcoming the influx of data even though it risks making their jobs harder by potentially exposing their intentions to other parties in the predominantly over-the-counter market.  Read more