Latest / The Trading Floor with David Axtell
Inside the Market: Dealers, Platforms and Execution
Why do two desks quote different prices for the identical cross-currency swap? Episode three goes inside the market's plumbing: the concentrated dealer panel, how the leverage ratio and balance-sheet costs shape who quotes, electronic RFQ versus voice execution, and what really drives the bid-offer spread. Plus the misconception that runs deepest — standard cross-currency swaps are still bilateral, not centrally cleared, and clearing transforms counterparty risk rather than eliminating it. Host David Axtell works a live collateral-terms example worth six figures. Companion season to…
The skinny
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