Buy-side Perspectives Issue 6 | Page 35

Fixed income brand rankings 4 th October 2016

Electronic bond liquidity initiatives - by product , using , committed to purchase , testing , in discussion Europe ( Euro / GBP bonds )
1 .
Bloomberg ALLQ / X / Liquidnet Fixed Income
2 .
Algomi Honeycomb
3 .
MarketAxess all-to-all Open Trading
4 .
Tradeweb BondDesk
5 .
Bloomberg BBX
6 .
Project Neptune / MTS B2Scan
7 .
Bloomberg AIM / EMSX / Ipreo
8 .
Market Axess RFQ
9 .
BGC Trader / TradingScreen TradeCross / UBS PIN
10 .
Aladdin ATN / Axe Trading EMS / Euronext
BondMatch / FlexTrade EMS / Markit Thinkfolio /
Portware EMS
USA ( US $ bonds )
1 .
Liquidnet Fixed Income
2 .
Bloomberg ALLQ / X
3 .
MarketAxess all-to-all Open Trading
4 .
Algomi Honeycomb
5 .
Tradeweb BondDesk /
6 .
Project Neptune / MTS B2Scan
7 .
Bloomberg BBX / Ipreo / MarketAxess RFQ
8 .
UBS PIN
9 .
Bloomberg AIM / EMSX / Tradeweb US Corporate
10 .
Aladdin ATN / Axe Trading EMS / BGC Trader /
FlexTrade EMS / Markit Thinkfolio / Portware
EMS / TradingScreen TradeCross
Asia ( Asian bonds )
1 . Bloomberg ALLQ / X 2 . Algomi Honeycombe 3 . MarketAxess all-to-all Open Trading 4 . Bloomberg BBX / Ipreo / Tradeweb
BondDesk 5 . MTS B2Scan / Project Neptune 6 . BGC Trader / MarketAxess RFQ 7 . Aladdin ATN / Axe Trading EMS / Bloomberg AIM / EMSX / FlexTrade EMS / HSBC Credit Place / Markit Thinkfolio / Portware EMS / SGX Bond Trading / TradingScreen TradeCross / UBS PIN
Electronic bond initiatives for block trading - by product ( as above ) selected for > 5M US $ block trading Europe ( Euro / GBP bonds )
1 . Liquidnet Fixed Income 2 . Bloomberg BBX 3 . MarketAxess all-to-all Open Trading /
MarketAxess RFQ
4 . Axe Trading EMS / BGC Trader / Bloomberg ALLQ / X / Tradeweb BondDesk / TradingScreen TradeCross
USA ( US $ bonds )
1 .
Liquidnet Fixed Income
2 .
Bloomberg BBX
3 .
MarketAxess all-to-all Open Trading /
MarketAxess RFQ
4 .
Axe Trading EMS / BGC Trader / Bloomberg
ALLQ / X / Tradeweb BondDesk
Asia
1 . Bloomberg BBX 2 . MarketAxess RFQ 3 . Axe Trading EMS / BGC Trader / Bloomberg ALLQ / X / MarketAxess all-to-all Open Trading / Tradeweb BondDesk
Preferred broker - by bond and currency type Europe ( Euro and GBP bonds )
Rates OTC
1 .
Barclays
2 .
Deutsche Bank / Citigroup
3 .
HSBC
4 .
JP Morgan
5 .
BNP Paribas / BAML
6 .
SocGén / RBS / Lloyds Bank
7 .
Goldman Sachs
8 .
Morgan Stanley
9 .
RBC / Nataxis
10 .
Nomura / Crédit Agricole
11 .
Nordea / DNB Nor / Credit Suisse
Credit OTC
1 .
JP Morgan
2 .
Citigroup
3 .
HSBC / BNP Paribas / Barclays
4 .
SocGén / Morgan Stanley / Goldman Sachs
5 .
Deutsche Bank
6 .
RBC
7 .
Lloyds Bank
8 .
Wells Fargo / Mizuho Bank / Natixis / Crédit
Agricole
9 .
UBS / RBS / Nordea / DZ Bank / Credit Suisse
USA ( US $ bonds )
Rates OTC
1 .
BAML / Citigroup / Goldman Sachs / JP Morgan
2 .
Barclays / Morgan Stanley
3 .
Deutsche Bank / RBS
4 .
BNP Paribas / HSBC / RBC / Wells Fargo
5 .
Credit Suisse / Nomura / SocGén
Credit OTC
1 .
Citigroup / JP Morgan
2 .
Morgan Stanley
3 .
BAML / Goldman Sachs
4 .
Barclays
5 .
Deutsche Bank / HSBC / Wells Fargo
6 .
RBC
Asia ( Asian bonds )
Rates OTC
1 .
HSBC
2 .
Citigroup / Barclays
3 .
Nomura / Mizuho Bank / JP Morgan
4 .
Deutsche Bank / BAML
Credit OTC
1 . HSBC / Citigroup 2 . JP Morgan 3 . Barclays 4 . BAML / BNP Paribas / Deutsche Bank / Goldman Sachs / Morgan Stanley / ANZ / Nomura / StanChart

Foreign exchange rankings 4 th October 2016

FX trading system – block trading FX trading system
Asia
Europe
Asia
Europe
1 . 360T
1 . Cürex / FX Connect / FXall
1 .
Bloomberg FXGO
2 .
360T / FXall / Portware
1 .
Bloomberg FXGO / FXall
2 .
FX Connect
3 .
360T / Cürex / Deutsche Bank /
Portware / UBS / BHF Bank
FX mid and fixed fee broker Global
1 . JP Morgan 2 . Citigroup / Deutsche Bank / Morgan Stanley / State
Street
3 . BAML / BHF-Bank / BNP Paribas / CBA / Commerzbank / Donner & Reuschel / HSBC / Lloyds Bank / Northern Trust / RBS / Societe Generale / UBS / Westpac
FX TCA vendor Global
1 .
Bloomberg / ITG Analytics
2 .
Morgan Stanley
3 .
Elkins / McSherry / FX Transparency / Portware
FX data supplier Global
1 .
Bloomberg
2 .
Portware
3 .
Thomson Reuters / Currenex /
Deutsche Bank / EBS / ITG
October 2016 www . buysideintel . com
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