Innovation Through Electronic Trading – The Desk

An exciting development we’ve seen in recent years is that modern bond desks are broadening their list of liquidity providers and connecting to a wider range of counterparties. This has two major effects: it means that fixed income traders are able to tailor their execution methods, and in many cases it can reduce costs by eliminating fees from intermediaries. By connecting to multiple liquidity providers, fixed income traders are able to take advantage of each counterparty’s individual strengths alongside the broad base of liquidity from larger institutions.