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...
The advantages of derivatives trading
There can be valuable benefits to using derivatives as part of a portfolio.
Bringing derivatives into a fund’s mandate requires client appetite, portfolio management and...
Research: Trading Protocols Survey 2022
In comp vs non-comp trading polarises across electronic and voice.
The DESK’s Trading Protocols Survey 2022 has found a continuing movement of corporate bond trades...
April showers on e-trading platform growth
Last month saw electronic trading platforms continue to grow, but with activity hit by the concerns around financials, leading multi-asset market operator, Tradeweb, to...
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...
Trading: Loans and ABS: The fixed income markets time forgot
Trading in the less liquid parts of the fixed income market has remained relatively untouched by electronification.
Loans and securitised products backed by loans can...
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...
Why buy-side firms are building their own primary market tools
Interoperability is not a competitive issue; clients will build it if platforms do not supply it.
There is not a consensus on who should make the bond...
Citi, Deutsche Bank admit breaking competition law in bond trading, finds UK watchdog
By Laurie McAughtry
The UK’s anti-trust authority, the Competition and Markets Authority (CMA), has found that five banks including Citi, Deutsche Bank, HSBC, Morgan Stanley...
All shook up: The effect of ELPs on the bond market
Redlap Consulting’s latest research paper, written by Rebecca Healey and Charlotte Decuyper, asserts that the pandemic has “rewritten the rulebook on trading”, and argues...
