What the regulators don’t know about spoofing
At least 5% of treasuries volume is self-trading yet the legality of these trades is unchecked. Dan Barnes, reports.
Self-trading is defined as a transaction in...
Mike Rosborough, CalPERS: On truth and transparency
Dating back to the 1930s, the California Public Employees Retirement System (CalPERS) is the largest pension fund in the United States. Mike Rosborough, senior portfolio...
Volcker repeal plans challenged
Ditching the Volcker Rule would have a limited effect on liquidity, but the enthusiasm for change exists. David Wigan writes.
The Volcker Rule has been...
Municipal mean reversion
Dealers are now committing more capital in the muni market but future tax reforms threaten buy-side demand. Chris Hall reports.
Is the US municipal bond...
Trading Intentions Survey 2017: US Focus
Firms with US credit desks are checking out Algomi, KCG Bondpoint and Trumid.
About the survey: The Trading Intentions Survey is conducted by The DESK, asking...
The DESK on Radio 4’s Thinking Allowed
The Desk's managing editor, Dan Barnes, was a guest on BBC Radio 4's Thinking Allowed, discussing the role of retail traders in the market,...
Making prices more easily
If dealers cannot make prices investors will have to, and many firms are stepping up to offer greater access to pricing and liquidity data....
Repurchase disagreements
A calamitous year-end in 2016 has put the broken repo market firmly in the spotlight. Lynn Strongin Dodds reports.
December 2016 saw Europe’s repurchase agreement...
On The Desk: Carl James: On changing trader culture
Moving to a data-led model of trading requires a change in culture across the desk, as Pictet Asset Management’s head of Fixed Income Trading...
Trading Intentions Survey 2017
The range of credit liquidity aggregation platforms used has increased, reducing demand for new connections.
About the survey
The DESK’s Trading Intentions Survey is global primary research...
