In The News

Financial Times: “What we really do not want is when you start to see cracks in the retail book,” said Gaurav Arora.

Bloomberg: “Corporate banks are becoming a bit more discretionary about permitting draws on credit lines where hoarding cash is the sole objective,” according to Gaurav Arora. 

Funds Europe: According to Greenwich Associates, annual budgets average $2.8 million for fixed-income trading desks, $1.8 million for equity trading desks and $1.6 million for foreign exchange desks.

Bloomberg:  “They can lose money on ETFs but they won’t become litigants in a bankruptcy,” said Ken Monahan. 

WSJ: “The ETF complex is by no means broken,” said Ken Monahan.

The Trade News: Report from Greenwich Associates found that technology spending on buy-side trading desks increased slightly by 4% year-on-year.

The Block: Swanson said a closure of the floor for an extended period could "change the mental calculus."

Bloomberg: “There are natural interactions with others on the trading desk, and across the floor, that you use to get market color,” said Shane Swanson. 

Investment Europe: In a study conducted by Greenwich Associates participants reported executing FX futures at mid, 35% of the time on average. 

WSJ: A move to examine trading practices in Treasury securities would be a big step in a market that has historically had little transparency, said Kevin McPartland.