By crossing one fund’s ‘buy’ order with another’s ‘sell’ order, bond traders can save their investors considerable cost, however the mechanics and rules governing the process are complex. Cathy Gibson, head of dealing at Royal London Asset Management, James Wallin, senior VP at AllianceBernstein and Dan Hinxman, global head of institutional sales at TrueQuote, give the lowdown on how to manage crosses in order to drive best execution for a firm’s investors.
Corporate bonds: How to automate trading for better returns
Automation of corporate bond trading is small but growing, with investment grade instruments - particularly in the US - leading the way.
Challenges and Innovations in Primary Markets with IHS Markit
Managing the bond issuance process manually is often inefficient and creates operational risk for buy-side traders.