Our trading teams consist of accomplished professionals with experience in a wide range of Fixed Income markets with particular expertise in Government Bonds, Credit Products, Repo, and Japanese Products.



Key Contact:

Keith Meekins, Head of Bond Trading

+44 20 7597 7714

We operate a client-focused operation, working in partnership with our colleagues throughout the Daiwa Securities Group to provide our clients with access to a wide range of markets to meet their investment needs.

 

Government Products

Our Government trading team gives our client base access to the major European and Global Government markets.

Principal EU Markets Non EMU Markets
Germany France UK Gilts Sweden
Austria Spain Denmark Norway
Italy Belgium Australia Canada
Holland Ireland USA  
Greece Portugal    
Finland      


Our traders will also offer US Treasury products to our clients, working in close partnership with our colleagues at Daiwa Securities America who are one of only 18 Federal Reserve Primary Dealers, to ensure 24 hour seamless coverage of this product line.

During the European time zone we can also offer an electronic trading solution to our clients on US Treasury products via Bloomberg. To access these products directly via our trading platform use the Bloomberg ticker DSGB

 

Credit Products

Our secondary trading team provides expertise in the principal Credit Products; Sovereign, Supranational, Covered Bonds, Financial Institutions and Floating Rate Notes denominated in the core currencies (Yen, Dollars & Euro) but with the capability to execute in a variety of others.

Tokyo focused but backed by a regional network of offices, we are able to provide 24 hour liquidity to our global customer base. Our customer focused approach is reaping significant rewards for both the firm and our clients in the difficult market environment we are now experiencing.

We enhance our Credit Trading operation by offering pricing and trade execution of selected products via our Electronic trading facility on Bloomberg. For direct access to the following credit products, use the relevant Bloomberg ticker:

  • Sovereigns, Supranationals & AAA Banks DSSS
  • Financials & Bank Capital DSFB
  • Euroyen DSJY
  • Japanese Bank Capital DSJB
  • Corporates DSCO

 

Repo/Funding

The Repo/Funding team trades in and gives our client base access to the major global repo markets, including:

  • European Government Bonds
  • UK Gilts
  • JGB’s
  • Selected High Grade Credit
  • US Treasuries (working closely with our colleagues at Daiwa Securities America)

In addition, the Repo/Funding team is the liquidity trading hub that undertakes all fixed income secured financing, as well as more traditional Treasury operations.

Trades can be structured according to client requirements and under various secured financing methodologies including repo, new gensaki, buy/sellback, triparty (under Global Master Repurchase Agreement), as well as Securities lending transactions (under Global Master Securities Lending Agreement).

 

Japanese Products

Our Japanese trading team works closely with their colleagues in Daiwa Securities Capital Markets Co. Ltd in Tokyo to ensure that we deliver excellence in all Yen products. Daiwa's strength lies in our knowledge and experience of the Japanese markets, allowing us to maintain an enviable position as one of the largest JGB houses in Japan. We consistently feature at the top of market league tables for the underwriting of JGB’s under auction.

Click here for link to JGB league tables:

Record issuance in the past few years has resulted in the Japanese Government Bond (JGB) market now ranking as second only to the US Treasury market, with a significant weighting in all major bond indices. You can view the daily JGB closing prices via our electronic trading platform on Bloomberg. Use ticker DAIJ

In addition to Japanese Government Bonds our specialist trading team offers an extensive range of Japanese Domestic products including Municipals, Samurai, Zaito and Uridashi bonds. By combining our deep understanding of the Japanese markets with specialist research, we offer our clients an unparalleled insight to the Japanese markets.

Click here for a link to our recent Yen market awards

 

Structured Products

This team trades in derivative embedded products, particularly in MTN (Medium Term  Note) format. The structures include FX Linked, Equity linked, Credit linked and also plain straight bonds.  Using creative ideas we have placed unique products such as a Carbon Emission linked notes.