Michelle Neal: On taking great responsibility
Having managed the market divisions at several top-tier financial institutions, Michelle Neal is now responsible for supporting the most significant fixed income market in...
Market Structure: New risk and liquidity in the US Treasury market
Significant changes in counterparties and market structure have transformed US Treasury market activity.
Dealer-to-client trading has overtaken interdealer markets in volume traded according to analyst...
Trading: Best practices for the sell-side desk
Buy-side traders do not have time to waste, so attention is key to a strong relationship.
We asked buy-side desks about the best ways their...
Derivatives: Credit default swaps – The revival
Applying innovation from corporate bond markets to credit derivatives trading could boost liquidity at a point of market stress.
Single-name credit default swaps (CDSs) provide...
Review: An apples-to-apples comparison of all-to-all trading platforms
We compare the very different all-to-all offerings provided by electronic trading platforms.
A good all-to-all offering can really support electronic liquidity provision, especially if traditional...
Research: Analytics use in trading workflow increases by 72% over three years
Effectiveness for reporting and desk performance assessment improves year-on-year.
The DESK’s latest research into trading analytics has found its use growing within the trading workflow,...
On the Desk: Engineering better trading
Honing the trading function is an art; it requires an engineer’s eye for improving systems but a leader’s eye for putting the team first.
How...
Primary markets: Give me some credit: Outlook for bond issuance in 2023
New issues provide liquidity and price points for bond traders; we assess the prospects for the year ahead.
As the cost of borrowing continues to...
Market structure: Is e-trading plateauing?
The overall pace of bond market electronification is slowing, but trading evolution is not linear.
Electronic trading has grown as a proportion of total trading,...
Research: Trading Intentions Survey 2023
Major platforms show stable leadership in corporate bond trading
Some notable changes in results this year also reflect a change in demographics from respondents. This...
