CMSA – The drive to change industry dialogue in corporate bond markets
To create a wider dialogue around industry change, the Credit Market Structure Alliance (CMSA) is building an event with a democratic agenda.
The DESK: Why...
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...
Does the value-add of data justify the cost to bond traders?
A new report from analyst firm Aite-Novartica has found nearly a third of bond market participants and traders believe it is hard to justify...
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...
European Women in Finance 2022 – The Longlist
In 2020, Best Execution and The DESK hosted the first European Women in Finance Awards, following the model of Markets Media's long-established awards programme....
Top tips from TradeTech: Connect debt, derivatives and equity trading
Buy-side traders have observed that close ties in the trading team based on the targets on an investment – be that corporate or government...
US Treasuries lost its ‘sell-side’; can clearing and capital rules revive it?
Market participants report the current proposals by the US Securities and Exchange Commission (SEC) to centrally clear trades in the US Treasuries market are...
Technology: What large language models do to the trading desk
LLMs are already adding value to trading teams.
The advent of Open AI’s Chat Generative Pre-trained Transformer (ChatGPT) tool has generated as many column inches...
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...
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,...
