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...
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...
EM traders ride out the chaos
It would be understandable if trading in emerging markets (EM) debt were becoming more expensive as risk increased in many markets it makes up,...
Electronification of US credit delivers resilience
The electronification of the US corporate bond markets has demonstrated that its improved efficiency has strengthened depth of liquidity provision, rather than made it...
European bid-ask credit spreads not assuaged by tariff roll back
Liquidity costs in European corporate bond trading remain elevated, after the tariff shock in early April saw bid-ask spreads widen significantly across markets, according...
Excited or scared? The liquidity rollercoaster
Bid-ask spreads across all credit markets shot up in the week of 7 April, following the announcement of global tariffs on imports to the...
Squeezing the bid-ask spread
Bid-ask spreads in the corporate bond space have continued to collapse in 2025, suggesting that liquidity costs are dramatically improving for buy-side traders.
Looking at...
The interplay between the cash and derivative credit markets
For investors, the derivatives market is a potentially a rich source for investment returns and risk management. It can also be a valuable source...
UK proposes streamlined listing regime, confirms consolidated tape for bonds
UK market regulator, the Financial Conduct Authority (FCA), has set out proposals aimed at making the UK’s listing regime more “accessible, effective, and competitive.”
In...
