How to get a competitive advantage in fixed income  (How to buy a parser)

How to get a competitive advantage in fixed income  (How to buy a parser)

Fixed income markets are overwhelmed with information and moving towards standardized data dissemination, the real question is:  How do I get a competitive advantage? 

In a prior post, we discussed...

Don't Miss This Fixed Income Market Change

 There is only one kind of shock worse than the totally unexpected: the expected for which one has refused to prepare.”― Mary Renault, The Charioteer

 

There is a massive change afoot in fixed...

How Much Does Fixed Income Technology Cost? Much More Than You Think.

In recent years, an unfortunate byproduct of decreased dealer balance sheet is the resulting problem of information overload in the fixed income market.  The crux of this issue is the manual trading...

Fixed Income Liquidity Everywhere:  But not discoverable enough to drink.  (Part 3 of 3)

 As discussed in Parts I and Part II, access to liquidity is currently being hindered by the overwhelming amounts of data available on fixed income electronic trading platforms, in messages and from...

Fixed Income Liquidity Everywhere:  But not discoverable enough to drink.  (Part 2 of 3)

 In Part 1 of this series, we discussed one of the problems in the way in which fixed income market participants consume information and how to overcome it.

In Part II, we will consider another...

Fixed Income Liquidity Everywhere: But Not Discoverable Enough to Drink (Part 1 of 3)

In the aftermath of the financial crisis, we've all discussed the effects of balance sheet decline and lack of fixed income liquidity ad nauseam.   This same period also has brought us an explosion...

"Houston, We Have a [Cost] Problem..."

 

According to a recent McKinsey report, Dealers’ return on equity (ROE) is below cost of capital.   In recent years, the solution has been been largely to cut expenses via headcount, however the...

5 Needed Improvements to Fixed Income Technology

We've all been there in Fixed Income.  You know-- when technology didn't work for us when it should have.  We missed a trade, we lost money or we were just tired of not having technology do what...

Fixed Income:  A Market of Lemons

 In a previous post, we compared Fixed Income to the Travel and Real Estate markets to gain some clues on the future of voice and technology.  Based on real estate, it doesn't seem as if voice is...

Fixed Income Electronification: Is Voice Trading Dead? (Part 2 or 2)

In part 1 of this series, titled "FI Electronification – A Slow, Steady Race to Find Tech Models that Fit (Part 1 of 2)", we discussed the slow path of technology to pervade Fixed Income markets. In...

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