The TRADE’s Q3 Magazine: Now available online!

The latest edition of The TRADE Magazine launches with a wealth of new content for Q3: check out the highlights here. 

Led by the example set during the first half of the year, Q3 has proved to be equally as volatile and unpredictable. With inflation and central bank monetary policy continuing to play a key role in how the markets operate, this issue of The TRADE Magazine explores the markets through a fixed income lens and is jam-packed with interviews, insights, features and the biggest news from the past quarter. 

With not one but two buy-side cover interviews this quarter, The TRADE was delighted to catch up with global head of fixed income trading at Norges Bank Investment Management (NBIM), Malin Norberg, and global head of fixed income trading at T.Rowe Price, Dwayne Middleton.

The Q3 edition’s features deep dive into all corners of the fixed income markets and more including concerns around deferral times as liquidity dries up, the evolution of execution management systems (EMS), the race for a consolidated tape, and the changing role of trading venues. We also have the results of our eagerly awaited Execution Management Systems survey for 2022… happy reading! 

Take a look below for more detail on Q3 content: 

Buy-side cover interview – ‘WE’RE AS LONG-TERM AS THEY COME’ Malin Norberg: The woman behind the world’s biggest wealth fund – Global head of fixed income trading at Norges Bank Investment Management (NBIM), Malin Norberg, tells Laurie McAughtry why the firm’s investment profile is so unique, why her strategy is so long-term, and why it makes her job so much easier.

Buy-side cover interview – In conversation with… Dwayne Middleton – Laurie McAughtry sits down with Dwayne Middleton, global head of fixed income trading at T. Rowe Price, to discuss how he approaches the challenges of volatility, liquidity and stability in today’s unique trading environment.

Concerns over fixed income deferral times as liquidity dries up – Latest Mifid II amendments recommend a four-week deferral time for post-trade reporting on large bond transactions – but is it enough, asks Laurie McAughtry, given the current drought in fixed income liquidity?

Survival of fittest – Following an acquisition-littered few years, Annabel Smith explores the new role of trading venues and the need for a diversified toolbox in order to compete in an increasingly complex marketplace.

The evolution of EMS: Where are we now? – With growing client expectations and a continuously shifting market landscape, Wesley Bray looks at the evolution of EMS, how tech providers are adapting to changes in the market and how they remain competitive.

A triangle of transparency – As the conversation around a consolidated tape for bonds heats up, Annabel Smith explores EU, UK and US plans to improve transparency regimes for fixed income.

The TRADE Execution Management Systems Survey 2022 Challenging market conditions leave the buy-side wanting – A record number of results for The TRADE’s 2022 Execution Management Systems Survey found vendors are failing to keep pace with buy-side demand in challenging market conditions, with calls for a greater focus on APIs, multi-asset capabilities, automated workflows and interoperability.

Read the full issue here.