Autoexecution of government bond trades can reduce risk and cost for investors, but is only available in a few markets. Traders need to take account of liquidity and investment goals to assess when auto-ex, auto-pricing and non-competitive trades best serve investment goals. In January’s show, David Scilly, head of fixed…
Government Bonds
Trader TV Bonds: December 2018
In December’s show we discuss how Europe’s political landscape might impact investment and trading decisions
Trader TV Bonds: Defining ‘best execution’
How do investors know if their traders are doing a good job? A white paper has been published by the Investment Association (IA), to explain exactly that. Carl James, global head of fixed income trading at Pictet Asset Management, and head of the IA’s fixed income trading committee, and Ross…
Leadership insights from FILS Amsterdam 2018
Trader TV captured the most surprising and interesting takeaways from: Paul Reynolds, head of fixed income at TradingScreen;Frank Cerveny, head of markets at MTS;Mike Thorpe, managing director, Tradeweb;Giuseppe Nuti, managing director and global head of the central risk book and data analysis at UBS;Lee Bartholomew, head of derivatives Product R&D…
Trader TV Bonds: October 2018
Roelof van der Struik, manager for Treasury Trading & Commodities at PGGM says the repo market is broken; he tells us how the Dutch pension fund manager is using electronic platforms to correct the broken repo market. At the same time (from 06.36), the Securities Financing Transaction Regulation (SFTR) promises…
Trader TV Bonds: July 2018
Three charts that tell traders what look out for in US credit in 2018. We speak with Edward Casey, independent portfolio manager, about the corporate bond market in the first half of the year, likely trends in the second half of the year and the impact they will have upon…
Trader TV Bonds: June 2018
The Italian markets were shaken in recent weeks, creating opportunities for investment firms with agile trading and investment operations. In our June show, Sean George, chief investment officer at Strukturinvest Fondkommission, explains how the trading capabilities of alternative investment funds (hedge funds) differ from long-only asset managers, and advantage that…
Trader TV Bonds: May 2018
Dr Kay Swinburne MEP, the vice-chair for the European Parliament’s Economic and Monetary Affairs Committee, doubts a commercial provider will deliver a single tape of bond trading data which has been mandated by MiFID II. She outlines her concerns and expectations in May’s Trader TV, and explains the need for…
Trader TV Bonds: April 2018
This month features a crucial report for investors, analysing the difference between ‘transaction cost analysis’ and ‘best execution’. Faced with trade reports for any MiFID II compliant transactions, asset owners must challenge these in an informed way, despite the complexity of the issue. We unravel this tightly wound thread with…
Trader TV Bonds: March 2018
Investors may not see the promised benefits of MiFID II as buy-side bond traders say that transparency has not been improved since last year. At the same time, Brexit negotiations threaten to overturn transatlantic agreements around derivatives trading, increasing the costs for some asset managers. Amir Khwaja, CEO at Clarus…
Trader TV Bonds: February 2018
In February’s bond show, Stephen Yeats, head of APAC and EMEA Fixed Income Beta Solutions at State Street Global Advisors and Bill Sherman, executive vice president of the global markets group at primary market specialist Ipreo reveal how trading desks can reduce trading costs for fixed income funds by accessing…
Government Bonds: MiFID II impacting execution
In January’s rates show, Andrew Munro, global head of fixed income trading at Janus Henderson and Carl James, head of fixed income trading at Pictet Asset Management tell us how MiFID II has exposed some dealers and hit high touch trading, while Paul Reynolds, head of fixed income at TradingScreen,…