Steven Major of HSBC talks about index linked securities, says the central banks are trying to reflate, reflate, reflate… cenbanks are undertaking a deflationary strategy …he is concerned about gross government bond issuance… Steven is known for making strong directional calls… I worked with him at ING Barings… (running time ~ 6 min)
~~~~ ” Leveraged fixed-income arbitrage trading strategies have not been a popular topic in the past several months. However, following the dislocations that occurred to world financial markets in the second half of 1998, many good opportunities for fixed-income arbitrage trading continue to exist for those firms that survived the peril of the previous year.
Indeed, [...]
Saturday, November 22, 2008
The fixed income underwriting league tables… through Q3 - 08 as compiled by Bloomberg… see especially pages 7 and 8 for US bonds and US agency underwriting…
Friday, November 21, 2008
Andrew Popper, Chief Investment Officer of SG Hambros, discusses the potential fate of Citigroup and conditions in the financial markets. He sees more value in bonds, specifically high quality corporate names… (running time = 4:44)
Thursday, November 13, 2008
I’m reading a whitepaper on OTC markets from the interdealer broker ICAP… lots to comment upon…
ICAP is the world’s largest and most powerful broker’s broker… headquartered in London they deal in FX, fixed income, derivative, commodity, and money markets. Their operations span all currencies and timezones.
ICAP serves as the central hub for massive global flows [...]
Saturday, October 11, 2008
“The wise man bridges the gap by laying out the path by means of which he can get from where he is to where he wants to go.”
+ + John Pierpont Morgan + +
I’m giving a talk in Washington this week entitled… “U.S. Bond Market Basics & Recent Events“… timely…
I’ve been developing some thoughts about [...]
Filed in Liquidity, Pricing, Regulatory, Restructuring, Trading
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Also tagged ATS, Bear, bonds, clearing, Congress, exchange, Federal Reserve, Goldman Sachs, Lehman, Morgan Stanley, municipal, OTC, ratings, SEC, securities, TRACE, Trading, Treasuries, Treasury
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Friday, September 26, 2008
U.S. Bond Market Basics & Recent Events
Date: Tuesday, October 14, 2008
Time: 12:00 - 1:30 pm
Location: Stanford Group, 1399 New York Ave, NW Ste. 375
Phone: (202) 508-3760
Directions: Metro - McPherson Square, 14 St exit. Building located on the corner of New York Ave and 13 St.
Speaker: Cate Long, Founder, Multiple-Markets
Speaker Bio: Cate has worked extensively with industry [...]
Saturday, September 13, 2008
>> FIX, the standard for electronic trading of securities, has always had versioning issues… because it’s use is “voluntary” firms have tended to implement the standard, build infrastructure around it and connect to counterparties using a specific version… and then live in that version for a long time…
We encountered this legacy issue when we were promoting [...]
Thursday, September 11, 2008
I always believed that FIX, the standard for electronic trading of securities, had the flexibility and power to reorder the fixed income markets.
I’ve thought that FIX had the capacity to unify and standardize markets that were entirely dominated by the dealers…
Well… you believe and believe… and faith does sustain one… but real signals of change are [...]