The Dawn of Digital Risk Management

The physical science of matter and motion provides valuable insight for the effective digital management of risk. In this first instalment of the DelphX Innovation Series, we describe how a new risk-pooling facility powered by transparent Distributed Ledger Technology...
Single-Name CDS Market Needs a Reboot

Single-Name CDS Market Needs a Reboot

Revival of a robust single-name CDS market would offset the lack of liquidity in the cash bond market, increase price transparency and lower the cost of financial risk management for all participants. But the market needs a more efficient way to manage single-name CDS...

Confessions of an All-to-All Trading Advocate

Despite the benefits offered by all-to-all and other electronic trading platforms, statistics show that most corporate bond trades continue to be negotiated between a dealer and an institutional investor via phone or chat. Why hasn’t electronic trading captured a...
Big Benchmark Bonds – Dream or Reality

Big Benchmark Bonds – Dream or Reality

Could we enhance the corporate bond picture by reducing the number of issues outstanding, concentrating trading activity and thus increasing ‘liquidity’? Or, considering the disparate array of issuers, bond types and regulations in the market, is the wholesale...

PWC – Global Financial Market Liquidity Study

Market liquidity is critical to effective market functioning. Liquidity in financial markets facilitates the efficient allocation of economic resources through the productive allocation of capital and risk, the accurate generation and dissemination of issuer-specific...