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...
Data: A blank tape
Europe’s consolidated tape proposal is a start, but many details still need to be filled in for its value to be assessed. Lynn Strongin...
Shape the way you access The DESK in 2025
In 2025 we will be introducing proprietary data tools to allow our readers to research bond issuers and issuance activity.
To support our independent sourcing...
Morningstar analysis shows fixed income funds under the cosh with thin liquidity
According to a new report from market data specialist, Morningstar, the unprecedented interest-rate hikes across developed markets has left most bond categories deep in...
Could the Twitter hangover really hurt credit liquidity?
Banks’ support for market making is tied to the bonds they carry on their books, and the cost that has for their balance sheets....
AT1 trading volume was elevated a week ahead of Credit Suisse wipe-out
Trading in AT1 bonds spiked on Monday 20th March as a result of the Credit Suisse rescue at the weekend, with one platform trader...
Systematic credit trading changes the buy/sell-side dynamic
An investment manager capable of making a price in less than a minute in Europe, or several minutes in the US, can be a...
Research: OMS/EMS Survey 2022
Traders prioritise O/EMS analytics as liquidity dries up
OMS/EMS stacks need to help traders assess trading conditions in 2022.
The DESK’s research into buy-side execution and...
Subscriber
Primary ignition – at both ends
Politics are being side lined in the battle for efficiency in primary markets for buyers, and for issuers.
The top operational priority for buy-side, and...
Technology: Desktop interoperability providers: What’s the difference?
Capital markets firms are improving trading efficiency via desktop interoperability technology, so we look at the different providers.
Desktop interoperability is not a new issue...
