The Eurobond & Repo Trading department works closely with Daiwa Securities SMBC Co. Ltd. as well as the group’s extensive network of offices throughout Asia.
This co-operation enables us to provide global coverage to our European-based clients. In order to enhance both service quality and depth we are planning to increase the size of the sales force over the next two years.
The department’s main strength lies in making the flow of issue information from Japan accessible to our European clients. This has helped us to build a position as one of the leading market-makers in euroyen in London. Our dedicated euroyen sales team is also very strongly placed to leverage business flows from our Japan-based investors for the benefit of European clients.
The department’s secondary trading activities concentrate mainly on US dollar, yen and euro currencies. Products include dollar sovereigns, supranationals and agencies, dollar corporates, euro-sovereigns, supranationals and pfandbrief, euro-corporates, euroyen and FRNs. We actively trade around 1,500 issues.
Our Repo Trading unit covers US sovereigns, supranationals and agencies, euroyen and JGBs, eurozone sovereigns, pfandbrief, dollar and euro-corporates (both fixed coupon & FRNs). We focus on periods of up to one year, providing a value-added information service to clients thereby allowing them to make more informed trading decisions.
