Trading desk

(redirected from Dealing Desks)

Trading desk (dealing desk)

Personnel at an international bank who trade spot and forward foreign exchange.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Dealing desks have also differed in their response to changes in the trading environment.
In its straw poll, The TRADE asked buyside dealing desks how many of the trading (and trading support) applications that have arrived on the desktop over the past two years were specifically requested by the team.
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.
"Without CSAs, many of the buy-side dealing desks trading in Japan operate to match a broker vote with a best execution overlay.
on rumours amongst dealing desks that bad news could be due concerning a German bank," said trader David White at Spreadex.
Independent research providers don't typically have dealing desks, and execution-only brokers don't tend to have proprietary research, so they fit beautifully," he says.
"If you cleared the dealing desks you could stage a professional football game, and still have room for the fans," said Mr Jason Paul, a relationship manager at Merrill Lynch, one of the world's biggest investment banks.