This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Electronically, it is a relatively new phenomenon to the last four to five years, and the protocol has gained momentum alongside other forms of electronic trading that differ from request for quote (RFQ) protocols on multi-dealer platforms, as participants look to minimise their market impact and avoid information leakage.
That is something that the mid and smaller brokers can access relative to the bulgebracket who don’t really see that as an important USP for the business right now. We all know it is very cheap and easy to trade electronically but you’re not necessarily fulfilling your liquidity obligations.
“Interestingly, we’ve seen the enterprise value of big companies in the console space rising over the past quarter,” Barbour added, pointing to Electronic Arts, Take-Two, Ubisoft Entertainment SA and Capcom. Bulge-bracket deal expectations may also be a factor. “I
Given the liquidity landscape can often be more sparse or difficult to navigate, the use of local brokers alongside the bulgebrackets is something Willis thinks is essential to minimise market footprint. Due to lower demand, bulgebrackets will sometimes not cater for the particulars of what frontier traders are looking to execute.
Liquidity is also more limited, and more trading is still done over the counter (OTC) rather than electronically. Banks do not appear to offer many internships in this area, so if your goal is a bulgebracket bank , you’ll likely have to work in other credit roles first and network your way in.
Usually hosted by bulgebracket banks, SIs are an internalising mechanism that allow banks to execute flow over the counter or off exchange. However, DMA is the process of directly connecting electronically to an exchange in order to trade on exchange securities without using a broker or intermediary.
We organize all of the trending information in your field so you don't have to. Join 38,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content