Citi merges electronic and portfolio trading teams in US under flow credit restructure
Electronic and portfolio trading will be combined for spread products at Citi as the investment bank reorganises its North America flow credit trading team.
Electronic and portfolio trading will be combined for spread products at Citi as the investment bank reorganises its North America flow credit trading team.
Multi-directional and multi-currency lists will be supported for portfolio trading at MarketAxess as protocol continues to grow in fixed income.
As portfolio trading has grown rapidly in flow credit markets, Citi has tasked Derek Hafer with expanding the bank’s franchise across spread and flow products.
After building the system for the past two years, Miles Kumaresan aims to solve issues traders face when trading bonds that other EMS platforms have failed to address.
Client report from JP Morgan reveals the bank has already executed 77% of its total 2019 volumes for portfolio trading.
As portfolio trading becomes more popular among buy-side traders, research has warned a large portfolio trade could increase risks around the CSDR buy-in regime if a single trade fails.
Tradeweb has seen a surge in portfolio trading among its clients as traders look to engage in an increasingly volatile market environment.
ICE Bonds and BlackRock provide automated execution for portfolio trading as protocol continues to rise in popularity with the buy-side.
Portfolio trading has been increasing in popularity with the buy-side amid the launch of Tradeweb’s platform for US credit bonds earlier this year.
John runs through what you can find in the latest issue of The TRADE, now available to read online.