Mizuho EMEA Investment Grade Corporates Desk maintain best in class-leading rankings in Request for Quote (RFQ) electronic trading
Mizuho is proud to be at the core of a global shift to electronic trading in corporate bonds, with our EMEA Investment Grade Corporate Desk maintaining class-leading rankings on both the largest European and US electronic trading platforms, achieving #1 position on MarketAxess and #2 on Bloomberg for corporate bond trading*.
The electronic trading market for corporate bonds continues to mature, particularly in Europe where over 60% of the investment grade corporate bonds market is now electronic. Recent surges in volumes have been driven by increased regulation, with electronic trading providing a simplified, seamless reporting process for regulations such as MiFID II. While this has been particularly noticeable in Europe, increased electronic trading in the US, where adoption rates have been slower, has been clearly noted by the market for vanilla credit products.
Increased pre-trade price transparency also continues to improve, and will lead to a further increase in electronic trading as pricing and trading are more closely integrated. Initiatives such as Project Neptune in which structured, standardized pre-trade data is sent directly from the sell-side to clients, with execution available on the client’s preferred platform with no additional intervention required, will also enhance the electronic trading experience for all clients and is likely to drive adoption by new market participants.
*Data provided by Bloomberg and MarketAxess