Market disruption spreads beyond Ukraine and Russia
Traders are reported that liquidity across developed and emerging markets is being hit, with trades taking far longer to complete and price formation suffering...
Buy side hails positive development of STP for bond issuance
Risk warning lights flashing on buy-side trading desks could be assuaged thanks to industry collaboration on primary markets.
It seems incongruous that the 50-year old...
What will shape Europe’s bond market in 2025
The European bond market is under pressure from several dynamics which are shaping its evolution, with implications for investors and issuers.
Andy Hill, senior director...
Trading protocols: The pros and cons of getting a two-way price in fixed income
Getting a two-way price is unusual in fixed income trading, but normal in FX; that is changing and yielding some real results for best...
Liquidity provider profile: Millennium Advisors
The DESK looks at fixed income liquidity providers business models in depth.
This month, we spoke with Millennium Advisors' Laurent Paulhac, group CEO and Caroline...
Wall Street 2022: bonuses fell 26%
Wall Street’s 2022 average bonus paid to securities employees dropped to $176,700, a 26% decline from the previous year’s $240,400, according to New York...
When banks go bust holding boring bonds
**This article will appear in full in the next issue of The DESK**
Government bonds are described as a 'risk-free' instrument, on the basis that...
Trading: Regulatory overreach onto the trading desk
Complaints about regulators expanding rules for equity markets into fixed income are rising on both sides of the Atlantic.
The Securities and Exchange Commission (SEC)...
Milei’s victory saw Argentinian debt traders reach for rapid risk transfer
In late October 2025, Argentine President Javier Milei’s party, La Libertad Avanza, scored a decisive win, in the country’s midterm elections, a political triumph...
The credit trading processes you really should have automated by now…
Automation has historically been highly challenging in corporate bond markets for several reasons, but traders say some parts of the workflow ‘ought’ to be...
