The DESK Research: The state of liquidity for US mid-market asset management firms
In 2022, despite robust secondary trading volumes, many buy-side firms are citing worsening liquidity conditions and dealers have seen falling trading revenues moving into...
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SEC’s proposals create competitive opportunities
Responses to the wide ranging proposals posited by the Securities and Exchange Commission (SEC) in US equity markets last week have raised questions but...
SEC – controversially – moves to standardise best execution rules for broker-dealers
The Securities and Exchange Commission (SEC) is proposing new rules under the Securities Exchange Act of 1934 relating to a broker-dealer’s duty of best...
The UK’s PRA cites break from EU in review of capital rules for buy...
The Prudential Regulation Authority (PRA), the UK’s prudential authority for financial services, has begun reform of capital rules for insurers and banks, in its...
Opinion: Regulators need to prioritise closing the market making gap
The one thing bond markets are really in need of, is more two-way liquidity in stressed markets. Yet that is nowhere on the regulatory...
How to innovate in a volatile bond market
When trading teams are fully stretched it is hard for them to support innovation and change, yet Dan Barnes finds that the two things...
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....
Karim Awenat – naturally curious
Karim Awenat, Invesco's head of fixed income trading, London discusses the skillsets, culture and technology needed to navigate the bond markets.
What are the challenges...
Trading: How to find liquidity in a drought
When market makers offer no bids for corporate bond trades, buy-side traders need to get creative.
Dealers are the main source of liquidity in the...
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...
