The DESK Magazine

The DESK offers buy-side traders clear insights into the key factors, events, and strategies influencing liquidity and price discovery in the fixed income markets. Released every quarter, The DESK shares firsthand information from trading experiences, analyses the impact of new initiatives, and provides valuable assistance to fixed income teams within investment firms. When it comes to discussing bonds, The DESK is the starting point.

Trade/B2B

English

Magazine

Outlet metrics

Domain Authority

Ranking

Global

#1465908

United States

#547868

Finance/Investing

#4780

Traffic sources

Monthly visitors

Articles

Pre-Trade data strategy: Optimizing protocol selection in European Credit

2 weeks ago | fi-desk.com | Ian Rycott

By Chris Egan & Aria Pattinson-Spiers: A decision that clients often face is which trading route to take—a high touch or low touch approach. The latest innovation is the opportunity to execute larger trades with strong execution, while gaining the transparency, competitive pricing and straight through processing benefits of e-trading…Learn more – click here.
FCA begins CTP tender process

1 month ago | fi-desk.com | Lucy Carter

“[This is] one of the final steps in the process to establish enhanced transparency and efficiency across UK financial markets,” commented Neil Ryan, CEO-designate of CTP bidder BondtapeThe FCA delayed the CTP bidding process earlier this year, stating that firms required more time to gather the information needed to take part in the tender.
Shape the debate at next month's FIX EMEA Trading Conference

2 months ago | fi-desk.com | Ian Rycott

What keeps you up at night? (and what are your peers doing about it?)• A survey with a difference!Global Trading, The DESK and FIX Trading Community want to know what your most pressing concerns are – and what you think should be done about them?
Roberto Hoornweg joins MarketAxess board

2 months ago | fi-desk.com | Lucy Carter

On his election, Hoornweg said: “I look forward to helping the firm continue to serve and empower institutional investors and dealers at a time where the appetite for technology and efficiency has never been higher.” Via LinkedIn, he added: “[I am pleased to] contribute my own passion for innovation and cross-border growth during this exciting, dynamic period.” Hoornweg has more than 30 years of industry experience and currently serves as co-head of corporate and investment banking at...
Fixed Income Automation Surge: 60% of Credit Traders Now Use Robots

Jan 16, 2025 | fi-desk.com | Etienne Mercuriali

Read more: https://www.fi-desk.com/is-european-credit-electronification-bouncing-back/The study, which polled over 100 institutional clients in the third quarter of 2024, reveals that in rates markets, 70 per cent of clients now execute a majority of their trades electronically. Barclays Research estimates the ceiling for electronic execution at approximately 80 per cent of market volumes, with the remainder likely to stay voice-traded due to size or complexity.
SEC Fines BMO Capital Markets US$40m Over Misleading Bond Marketing

Jan 13, 2025 | fi-desk.com | Etienne Mercuriali

The SEC found that from December 2020 until May 2023, BMO representatives structured and sold approximately US$3 billion of agency collateralised mortgage obligation Bonds using misleading offering sheets and bond metrics that did not accurately represent the underlying mortgage collateral characteristics. The settlement comes as the commercial mortgage-backed securities (CMBS) market faces significant headwinds, with the Trepp CMBS delinquency rate climbing to 6.57% in December 2024.
Tradeweb, Trumid close in on MarketAxess’ lunch

Jan 10, 2025 | fi-desk.com | Etienne Mercuriali

Tradeweb is within US$150 million ADV to lead electronic tradingTradeweb reported fully electronic US credit Average Daily Volume (ADV) of $6.9 billion, reflecting robust year-on-year growth of 24.5%. The platform captured a record 19.9% share of fully electronic US investment-grade (IG) TRACE, driven by reported adoption of request-for-quote (RFQ), portfolio trading, and the Tradeweb AllTrade platform.US high yield electronic trading gained 47.7% year-on-year to US$ 760 million.
Gilt activity spikes as new rates reality bites government borrowers

Jan 9, 2025 | fi-desk.com | Dan Barnes |Etienne Mercuriali

By Dan Barnes and Etienne MercurialiGilts market opening on the morning of 9 January suggested some traders took a big hit, with stop losses executed on open, as the market dropped down to 89.02, or 40 basis points in the first few minutes of trading, before recovering more in line with European counterparts. The activity occurred as the UK government saw borrowing costs spike, while other governments saw costs rise to a lesser degree.
ICE acquires American Financial Exchange

Jan 8, 2025 | fi-desk.com | Lucy Carter

The electronic exchange, which facilitated direct lending and borrowing for American banks and financial institutions, was previously owned by private markets asset manager 7RIDGE. AFX operates the American Interbank Offered Rate (AMERIBOR), an interest rate indicating banks’ unsecured borrowing costs. It is set based on unsecured interbank loans executed by a more than 1,000-strong network on the platform.
CFTC Chair Behnam to Step Down Amid Regulatory Transition

Jan 7, 2025 | fi-desk.com | Etienne Mercuriali

Behnam, who will leave his position on January 20 with his final day at the commission set for February 7, led the CFTC during a period that saw landmark enforcement actions, including a $4.3bn settlement with crypto exchange Binance as well as climate risk focus with the establishment of the Climate-Related Market Risk Subcommittee.