Reducing trading costs under the UMR microscope
Asset managers able to assess their exposure to uncleared margin rules can significantly reduce their administrative and trading costs. In July 2019, the Basel Committee ...
The burgeoning portfolio trading business
Electronic portfolio trading offers an efficient execution channel for baskets of bonds, but Lynn Strongin Dodds finds there are several barriers to growth. Portfolio ...
How asset managers capture micro-alpha opportunities
Setting up your desk correctly can help to boost returns for funds and clients. When an opportunity arises for a fund to improve its returns, it is incumbent upon the ...
The fall of Europe’s brokers
Reduced competition could lead to higher prices for buy-side bond traders. The collapse of European brokerage houses is hitting buy-side trading desks in two ways. ...
How to secure balance sheet from your broker
Buy- and sell-side veterans tell us the best practices which persuade brokers to take risk on their clients’ behalf. Finding sell-side partners to take the other side of ...
On The DESK: Trading and Technology collaborating for the future
Erik Tumasz and Josh Grodin, Wellington Management
Buy-side firms may dominate front office tech
Buy-side firms need to make secular decisions about whether to buy or sell technology to other asset managers. Dan Barnes reports. In April, CEO of State Street, Ron ...
Are your traders for hire?
Growing numbers of asset managers are hiring third parties to provide their trading desks. Dan Barnes investigates. Fixed income funds are under increasing pressure to ...
Municipal bond traders push for better execution
A standardised framework of processes could emerge from platform providers and regulators to support electronification. In a market without infrastructure, common ...
Direct price streaming will transform credit trading
Banks are providing corporate bond pricing feeds direct to clients shaping new potential execution paths. Dan Barnes reports. Big investment banks including Morgan ...
BIS targets liquidity cliff in repo
Banks have reacted to end-of-quarter capital reporting by reducing activity, leading to sudden declines in liquidity; now authorities are reacting. Banks have been ...
US Treasury market change catalysed by proprietary trading firms
Proprietary trading firms are driving change faster than the interdealer brokers, writes David Wigan. Direct streaming of pricing data is changing the historical ...
Build your own EMS
Frustration with commercial front office technology is leading major buy-side firms to build execution capabilities. Buy-side spend on order management and execution ...
On the DESK : Lee Sanders, AXA Investment Managers
Lee Sanders, head of Head of Execution at AXA Investment Managers believes that increasing automation is the biggest issue on buy-side trading desks. How has the ...
Pre-trade data demand grows and platform concentration weakens
The 5th Annual Trading Intentions Survey sees a hunger for data and a surge in new liquidity tools. Key takeaways: • Massive growth for crossing / mid-point price tools ...
