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marc1838
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Joined: March 5th, 2006, 4:35 pm

Top Fixed Income Trading Desks in U.S.

March 30th, 2006, 8:36 pm

Does anyone know where I could get rankings (by product, i.e. CDS, MBS, high yield, govies, etc...) of the top fixed income trading desks in the U.S.?Thanks for the help!
 
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saimqn
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Top Fixed Income Trading Desks in U.S.

March 31st, 2006, 4:22 am

I think Risk magazine publishes annual rankings, not sure if they are Europe, US or global.
 
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danfcook
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Top Fixed Income Trading Desks in U.S.

March 31st, 2006, 6:11 pm

Vault.com Guides has lots of stats, to be found in any of the company profiles.hmmm... I don't think its exactly what you are looking for though: mostly just amount of (new) issues, not so much activity from trading desks.I have the rankings from Risk, not as specific as you may want though: just broken down by interest rate derivatives, equity derivaties, quant of the year, corporate user, etc., etc.Trader's Monthly, though have some rankings in their latest issue. Not sure exactly how its organized though, might be just top traders (buy-side mostly too, I believe).
 
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marc1838
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Top Fixed Income Trading Desks in U.S.

March 31st, 2006, 8:25 pm

danfcook- from what I've heard the Risk rankings are pretty good. Would it be possible for you to post them, I'd really appreciate it? Thanks?
 
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reg
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Top Fixed Income Trading Desks in U.S.

April 1st, 2006, 7:31 pm

My opinion is that the Risk rankings aren't that good.Mostly they indicate the most active trading desks in those areas. Not the most profitable. It's very obvious in MBS issuance for example (in which many deals are done at a loss for league table rankings) and CMOs (veteran traders often look at issues and swear they would never make money and are done by desks with very aggressive models / methods).You can't blaim Risk: they have to devise some methodology by which there is a good chance for the winners to change year-by-year. That sells subscriptions. In reality, many top desks are top desks for many years until that team dismantles and even after most of the team goes to a new place for a lot of money, success there isn't guaranteed (as evident in some high-profile MBS team hires recently). In some areas franchise houses would be hard to unsettle (Lehman in fixed income for example. No way are the BNPs and Barclays better than them in research, market / flow knowledge, penetration into the customer base, etc). Best way to guage is to ask veteran traders (not salemen) currently in the fields you're interested in. But this is just a personal viewpoint...
 
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danfcook
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Top Fixed Income Trading Desks in U.S.

April 5th, 2006, 6:06 pm

QuoteOriginally posted by: marc1838danfcook- from what I've heard the Risk rankings are pretty good. Would it be possible for you to post them, I'd really appreciate it? Thanks?just happened to find these online.http://ibcm.sa.utoronto.ca/pdfs/derivatives.pdf