Who Sends First: The Question We Settle Before the Price
A counterparty who accepted our settlement terms at a small size and objected at a large one told us what we needed to know.
Aug 9, 2026 · 2 minTagged "otc"4 articles on this topic.
August 2026
Why We Keep Two Desk Relationships
Not for pricing, though that improved. For the week our usual desk stopped quoting.
Aug 4, 2026 · 2 minJune 2026
Asking Three Desks for the Same Price at the Same Time
My first attempt at comparing quotes was useless because I did it sequentially. Here is what changed.
Jun 10, 2026 · 2 minThe Trade That Moved the Price Against Me
I placed a market order that was larger than the book could absorb, and watched it fill at progressively worse prices.
Jun 3, 2026 · 2 min