Trick of the Trade - Pouring Liquidity Back Into Fixed Income

Explore the challenges and potential solutions in fixed-income markets during this Milken Institute panel discussion. Delve into the alarming lack of liquidity, its causes, and implications for market participants. Examine the impact of electronic trading, the risk of market dislocations, and the viability of alternative market structures. Gain insights from diverse perspectives on topics such as transparency, regulatory reforms, fixed-income ETFs, settlement times, counterparty risk, and the role of electronic platforms. Analyze the balance between liquidity and asset-liability mismatches, client guidelines, market access, and standardization in the evolving fixed-income landscape.

Introduction
Liquidity Balance
Dealer Community Adapts
Is the Current Marketplace the Best
Dont Take More Risk
The Two Sides of the Trade
Transparency
Is Transparency a Good Thing
DoddFrank
Constantine
Reg Reform
Fixed Income ETFs
Liquidity Funds
Settlement Times
Other Issues
Counterparty Risk
New Platforms
Thoughts on Electronic Platforms
Pretrade Price Transparency
Electronic Solutions
Liquidity vs Asset Liability mismatch
Client guidelines
Market access
Electronic market access
Alltoall
Pricing
Standardization
Counterparty agreements