News
Quant credit trading is taking off in the US and Europe, with asset managers betting that the asset class is ripe for the same innovation that has upended equity markets over the last 20 years. Australian credit may be less fertile ground for such a rollout, but some market users are exploring the viability of using quant practices and systems to gain an edge.
Financial institutions dominated the Australian primary market in the week ending 28 October, including a record-breaking senior deal from ANZ Banking Group as well as issuance from Sumitomo Mitsui Banking Corporation Sydney Branch and a tier-two from Commonwealth Bank of Australia. La Trobe Financial and Liberty Financial also printed Australian dollar securitisation deals while, in New Zealand, Auckland International Airport printed a NZ$225 million (US$131.6 million) retail deal.
