Trading desk

(redirected from Dealing Desks)

Trading desk (dealing desk)

Personnel at an international bank who trade spot and forward foreign exchange.

Trading Desk

A physical desk at an investment bank where one may buy or sell securities or derivatives. Generally speaking, each trading desk at an organization specializes in one type of security. For example, one may buy and sell stocks, other bonds, and so forth. Trading desks allow users to trade securities instantaneously, which can be important in arbitrage. A trading desk is also called a dealing desk.
References in periodicals archive ?
Fixed income products consisting mainly of bonds and money market instruments are traded on a principal basis over the dealing desks of Member firms.
Such market fears have had their clear effect on liquidity available across global dealing desks, as major financial institutions become unwilling to lend money and significantly scale back position risk across various assets.
Alternatively, financial intermediaries, such as OTC bank dealing desks, asset management firms and insurance firms, can use Fincad.
We operate two regional dealing desks, one in the UK and one in Singapore," said Richard Large, front office projects manager at Aberdeen.
Refco F/X Associates' clients will have direct access to Refco's global dealing desks and to an Internet-based trading platform.
com anticipates opening additional dealing desks to handle Minutes Brokerage opportunities in other Global Minutes Marketplaces such as GSM, Cable, Satellite and PSTN Spot rates.
5 million, to IPC Information Systems (NASDAQ:IPCI) for the installation of TRADENET MX(r) foreign exchange dealing desks at its London Wall offices.
The move also demonstrates the growing clout of state-backed Chinese firms in international oil trading, with Unipec and PetroChina establishing sophisticated dealing desks in key hubs like London and Singapore in recent years.
As per the arrangement, BestEx clients would be having the capability to utilize TORA's technology and international broker relationships to outsource their trading to local dealing desks in "all major and emerging international markets.
DE) in Singapore, where he headed up operations for the Asia region's dealing desks.
These include online trading services, the use of central dealing desks where orders can be channelled for order execution when Trading Representatives or brokers are away, the appointment of a back-up Trading Representative, and the use of mobile technology by Trading Representatives to execute orders when they are off-premises.
The only redeeming feature of the London snow was that around half the stock market dealers failed to get to their dealing desks, which meant they were unable to do any more damage to the economy they have helped slaughter over the last year.