Trader TV: New trading protocols like streaming prices can boost bond trading execution, but buy-side traders must determine when is best to use them. Across the range of fixed income instruments and markets different ways to trade can create optimal execution based upon the portfolio manager’s investment goals. Chris Bruner,…
Corporate Bonds
The choices that a trader makes
The choices that a trader makes determine the effectiveness of a fund’s investment strategy or mandate. Mike Nappi, senior fixed income trader at Eaton Vance, outlines the pressures which affect the trading desk today, the decisions that traders need to take in order to manage those pressures, and the effect…
Broaden traders’ pre-trade execution choices through post-trade price data
Better prepared buy-side traders make better execution decisions. Chris Bruner, head of US credit at Tradeweb outlines how buy-side traders can quantify execution quality through the use of pricing tools in the pre-trade, at-trade and post-trade workflow. Quantifying execution quality, delivers feedback to buy-side desks so they can be ready…
Preparation tips for the buy-side dealing desk
Top tips for buy-side traders: How to avoid being surprised by orders from portfolio managers; data needed to set the scene pre-trade; execution analysis incorporating investment goals; using bots to capture ‘speed alpha’. Jim Switzer, global head of fixed income trading at AllianceBernstein gives guidance on what a dealing team…
Bridging information gaps in the bond market
Gaps in information between counterparties and clients can challenge buy-side bond traders, impacting the investment process. Frank Cerveny, head of markets and sales at MTS, explains how data can be managed effectively in order to bridge those gaps, improving trade execution quality.
Spotting trading opportunities in information-sparse bond markets
Overcoming information gaps can allow investors to buy for longer term trends and seize trades when they present. Sean George, chief investment officer of Structurinvest Fondkommision, explains how he makes those decisions, what he bases them on, and the risks that information gaps create in the investment process. Market data…
Simplify your trading workflow
The complexity of new execution protocols and multi-asset trading means dealing desks on the buy- and sell-side need to reassess the technology they have available to structure their workflows. Pontus Eriksson, strategy director at FIS, gives an expert view on how trading teams can review their processes in order to…
Best execution must define trading decisions in turbulent markets across assets
A trading desk needs to be very structured if it is to enable high-tough and low-touch trading across asset classes. That requires expert domain knowledge, strong data and well-defined processes so that even when markets are turbulent, testing these parameters, the right decisions are being made. Speaking at the FIX…
US Credit sees leap in buy-side e-trading capability
Electronic trading is delivering better execution at larger sizes and in choppier waters in the US corporate bond market. This is increasing the velocity of trading, adding liquidity to the market. As platforms have evolved to allow automated hedging with Treasuries, electronic trading is increasingly viable even in markets with…
How reliable is electronic bond trading in volatile markets?
Voice trading has always been the go-to method of trading bonds in choppy markets, to be assured of firm prices. Speaking at the FIX Global conference in London, Carl James, global head of fixed income trading at Pictet Asset Management gives the buy-side traders’ perspective on how this is changing…
Optimising the buy-side workflow for primary markets
The trader/portfolio manager workflow is crucial to effective issuance management. We see how it is handled within the IHS Markit platform, with Herb Werth on Trader TV, in our second video of the Primary Market series.
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.