On the DESK – Amy Flynn on the evolution of xBK
Amy Flynn is a managing director and the head of xBK, the buy-side fiduciary execution desk within BNY Mellon Execution Services. Amy has led the...
Credit Spotlight: How clear can pre-trade get?
Pre-trade transparency is a nirvana for over-the-counter markets, particularly corporate bond trading, which lack the publicly displayed prices of the exchange-traded market.
Unless it...
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...
What’s the fuss about… New capital rules?
What’s all this fuss about new capital rules? The US Federal Reserve has decided that some banks, with over US$100 billion in assets, need...
Get it together: Traders seek primary market harmony
With issuance expected to stay high in 2022, traders appeal for a streamlined approach to primary market interfaces.
The level of global bond issuance in...
Risk profiling electronic market makers after Jane Street, Jump re-rated
Last year, Jane Street and Jump Trading had their rating outlooks upgraded by ratings agencies, as they overcame potential hurdles facing their businesses. Electronic...
Restricting access to derivatives
In 2022 regulation and market activity may see greater adoption of derivatives, but traders need to be cognisant of their limitations. Dan Barnes reports.
Derivatives,...
OMS market: Vendors focusing on strategic sales pitch
Research suggests that an apparently limited interest in changing order management systems (OMS) on buy-side trading desks has been overcome by OMS vendors at...
Are interdealer markets dead?
So-called ‘interdealer’ markets have long been used by large buy-side firms. This well-known secret creates inequality for those investment firms barred from participating, and...
Market structure: The alternatives in market making
The DESK profiles five of the major electronic liquidity providers.
Given the strains on market making in fixed income, it is vital that buy-side desks...
