Secular vs cyclical: How e-trading, issuance and credit spreads align with liquidity
Primary markets are a crucial source of liquidity in secondary markets, as new issues trigger a round of buying and selling activity for newly...
Analysing concern around Japan’s government bond issuance and interdealer inefficiency
The appointment of Liberal Democratic Party (LDP) leader Sanae Takaichi as the country’s first female prime minister has drawn comparisons with two of the...
Why humans give the best execution
Understanding best execution requires an understanding that both explicit and implicit costs can have a serious impact on investment goals, and these often reach...
Quant funds assess the value of trading
There are huge variations in investment and trading activity across quantitative strategies, the Fixed Income Leaders Summit heard in Amsterdam on Wednesday, and the...
Aligning the pre-trade credit liquidity picture and the execution goal
Pre-trade data and market colour are imperative for buy-side traders looking to achieve best execution in corporate bond markets. Understanding how that applies to...
“A fixed income price is not a fact. A fixed income price is an...
David LaRusso is the head of fixed income trading at Dimensional Fund Advisors, and has just celebrated his 25th anniversary at the firm. The...
Quantum computing ‘breakthrough’ has “more red flags than a People’s Liberation Army parade”
The claim by HSBC that noise in an IBM quantum computer helped deliver a 34% improvement in algorithmic trading performance has been disputed by...
Argentina’s battle for control
Argentina’s bond markets have been notoriously challenging for investors. Twenty years after the country underwent a major debt restructuring, and just five years after...
Credit futures see OI and ADV increase more than sevenfold YoY
The adoption of credit futures as a mainstream credit trading vehicle is broadening across venues and currencies: US$ iBoxx total return based futures traded...
What Mexico’s vol risk means for trading LatAm bonds
In Latin American (LatAm) markets, economic volatility may transfer into market volatility – most notably in Mexico.
In order to manage risk and seize opportunities...
