Fixed income and OTC derivatives

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/Fixed income and OTC derivatives

Nasdaq eSpeed introduces US TBills trading

Nasdaq (NDAQ) today announced that eSpeed, the exchange group's over-the-counter platform for electronic trading in U.S. Treasury securities, successfully introduced U.S. Treasury Bill (TBills) with notional average daily volume exceeding $4 billion and daily highs exceeding $10 billion.

/Fixed income and OTC derivatives

ICMA reports successful transition to T+2 for European bond trading

The International Capital Market Association (ICMA) and the ICMA European Repo Council (ERC) report that the initial feedback from members and operations working groups indicates that that the transition to settlement at T+2 for the European fixed income markets has been largely successful with few issues.