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A world-class team, decades of dedication to the market and unparalleled coverage across different products all helped put Citi ahead of its competitors in 2022. The firm has taken home well-deserved awards for credit derivatives in the Americas, Europe, and Asia, as well as interest rate derivatives in the Americas.
Banks’ credit trading desks are reaping the rewards of a surge in portfolio and algorithmic trading activity, the latest sign of how technology is revolutionising the way corporate bond markets are traded to the benefit of a handful of mainly US banks. Portfolio trades in US corporate bond markets increased by nearly 50% last year to US$321bn, according to estimates from Tradeweb, as a growing number of investors are buying and selling large blocks of bonds in one go. The growth forms part of a broader shift towards electronic trading of corporate debt – a corner of finance that has been ...