Liquidity provider profile: Millennium Advisors
The DESK looks at fixed income liquidity providers business models in depth.
This month, we spoke with Millennium Advisors' Laurent Paulhac, group CEO and Caroline...
When not to use portfolio trading
Portfolio trading cannot please all of the people all of the time.
The success of portfolio trading (PT) as a protocol has taken bond markets...
Ten years of research: Lessons for trading platforms in fixed income
Lessons on the viability and competitiveness of liquidity aggregation tools can be drawn form the last decade of research conducted by The DESK.
In 2015...
Row erupts as CBOE seeks to define exchange boundaries
An application by multi-asset market operator, CBOE, to define what is considered a ‘facility’ of the exchange, has triggered a row. The firm sought...
Opinion: Competition, not regulation, will make better bond markets
European credit trading has historically seen levels of electronic trading of around 50% of total corporate credit trading, while the US market has historically...
Why India’s bond markets may bloom in June
Inclusion in one major index could see Indian markets boost investment and liquidity, with more in January 2025.
Following the victory of the BJP in...
Primary ignition – at both ends
Politics are being side lined in the battle for efficiency in primary markets for buyers, and for issuers.
The top operational priority for buy-side, and...
Credit Spotlight: How clear can pre-trade get?
Pre-trade transparency is a nirvana for over-the-counter markets, particularly corporate bond trading, which lack the publicly displayed prices of the exchange-traded market.
Unless it...
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...
The credit trading processes you really should have automated by now…
Automation has historically been highly challenging in corporate bond markets for several reasons, but traders say some parts of the workflow ‘ought’ to be...
