Editorial

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...

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,...

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...

On The DESK: Putting trading at the head of the table

Frans de Wit’s elevated role as head of trading at PGGM Investment Management will help improve execution quality and trading efficiency for end investors. What has...

EWIFA Crystal Ladder Winner: Amber Wright

European Women in Finance, Crystal Ladder winner Amber Wright, is Global Head of Fixed Income & E-Trading at RJ O’Brien and discusses maths, efficiency...