Story in the WSJ.com today about the increasing availability of bond data and fixed commission pricing for retail investors. Sweet, sweet music….
The story mentions the NYSE launch and the availability of securities through a variety of broker dealers. The platforms mentioned provide some useful, rudimentary access…they are a very good beginning…we look forward to adding some more useful, […]
Wednesday, March 28, 2007
The big guns are blazing … war is at a fever pitch …
The participants in the structured finance market are battling at the Securities and Exchange Commission. It is the climax of the restructuring of the regulatory framework for rating agencies.
The SEC has approved the NYSE Bonds platform … time to launch.
Very best wishes to John Holman and the group there. America needs a transparent fixed income trading venue … looking forward to the launch.
SEC Approval Order here.
Wednesday, March 21, 2007
I’ve been attending the AJAXWorld conference and learning a lot and meeting some very smart technologists. The technologies that are availlable for the newly emerging retail fixed income market are truly impressive. Ajax and its variants are exciting presentation layer tools…and distribution channels for fixed income data…
How perfect that these channels are available as the NYSE […]
It is really cool to think that Google is so rich that they can just buy up all these applications and tools… the latest purchase is Gapminder … so elegant … so visually rich… data practically singing in a Flash framework… lets add a little Gapminder to retail fixed income…
Wednesday, March 14, 2007
Interesting bit of analysis out of market research firm, Cogent Research. It relates to investor loyalty to mutual fund families… (see report here).
From the story reported in Marketwatch, “The study showed Vanguard Group with a wide lead over its rivals in terms of investor loyalty. “Some firms might want to please advisers rather than […]
The SEC has received approximately 40 comment letters so far on the final rulemaking for rating agencies … you can see the comments here ….
Lots of comment on the “structured finance notching” issue … which might really impact the revenue streams of the dominant agencies depending on which way the rules are finalized.
Lots of comments […]
It appears that a concerted effort is being made by structured finance market participants to gang up on the rating agencies … it is happening at the SEC … it is part of the comment process for the new rule writing for rating agencies …
Here are the comments received so far… the Commission has received […]
Moody’s Investor Services has announced that they are migrating their municipal ratings scale to their “Global Rating Scale”. This is a very positive event which will allow direct comparison of credit quality between debt issued by municipalities and other entities.
To participate in the conference call where Moody’s will be backgrounding the new ratings methodology will cost you $900 […]
Reuters announced that it will be creating a “financial community ‘MySpace’” and hopes to attract up to 70,000 of its messaging subscribers.
Users will have a platform to directly promote their research or trading models to other market participants. Could be cool…You can imagine groups forming…”Relative Value Fixed Income Arbitrage Crowd”…”the Cash Flow CDO kids”…”the […]
