Optimising execution in Qatari and Kuwaiti bond sell-off 

In February 2025, J.P. Morgan announced it would reclassify Qatar and Kuwait as developed markets, leading to their removal from its Emerging Market Bond Index (EMBI). We spoke to The DESK on the following: 

• The changes in trading behavior we observed on the platform.
• How our e-trading solutions like Targeted RFQ and Open Trading help market participants navigate the landscape.