Sunday, 20 December 2015
Buy-side traders, cast your thoughts back to the mid 2000s, before Lehman Brothers failed.
Think back to trading good old fashioned corporate bonds. It was pretty simple, anything small could be traded through an electronic platform.
Monday, 14 December 2015
Let's clarify the terminology:
Friday, 11 December 2015
This post will quote extensively from an excellent Bloomberg article entitled "Third Avenue Blocks Redemptions From Credit Fund Amid Losses"
The main thrust of the article is that "$788 million mutual fund is blocking clients from pulling their money so its holdings can be liquidated in an orderly fashion...David Barse, Third Avenue’s chief executive officer, said blocking redemptions was necessary to avoid fire sales."
One of the most quoted blog posts on here is Fixed Income Trading: New venues which has been quoted at various conferences and on the internet. That's perfectly fine yet a quick google of the opening sentence "A simple question came up recently in a conversation – how many new Fixed Income trading venues are there?" shows a considerable number of websites that have simply cut and pasted the entire blog post with no attribution. Worse is that they all seem to be pretty dodgy sites with a mountain of pop-up windows and links to gambling sites and porn...