2022年5月25日 · Traders often use the term "axe" to represent someone’s particular interest in buying or selling a security that is already in their inventory, or hedging against it. The term was historically...

2025年3月7日 · Traders and institutions use “bond axe” to signal a strong interest in buying or selling a specific bond. This is not a casual preference but a clear statement of intent tied to a trading strategy. An axe to buy indicates an active search for a bond, while an axe to sell reflects a strong desire to offload it.

an axe is the sell-side which is advertising the buy or sell bond interest to potential individual counterparties, who do not interact with each other. The difference between runs and axes is sometimes confusing. Runs are considered a basic indication of where a market might be in relation to a bond or bonds and

In order to clear up any confusion amongst bond trading market participants related to advertised bond interests, halt axe related misleading markets, realise the benefits of axe analysis and allow axe distribution to evolve, a guide to best practice is needed. One that is referenceable, consequential (similar to ICMA’s ERCC guide to best

2023年12月30日 · Ax is the moniker given to the market maker who is most central to the price action of a specific security across tradable exchanges. The ax can be identified by studying Level II quotes and noting...

2024年4月9日 · In the world of finance, an axe refers to a trader’s desire to buy, sell, or hedge against securities already within their portfolio. Historically, this term was primarily associated with bond markets, but its application has expanded to encompass all types of securities.

2024年3月14日 · The trading axe, often referred to simply as “ax,” holds significant influence over market dynamics, shaping pricing, liquidity, and trading activity across different asset classes. In this comprehensive guide, we explore the definition of ax, its identification methods, influence across asset classes, risks, and contributions to market ...

2023年3月9日 · Bloomberg’s fixed income liquidity tool and buy-side axe discovery workflows, including IMGR, QMGR and ALLQ functionality, help fixed income analysts, portfolio managers and traders to aggregate...

The term ‘axe’ is used in fixed income trading to represent a sell-side advertising buy or sell bond interests. These are traditionally tied in some form to the sell-side’s book but can also be driven by client orders and even a trader’s market view or valuation.

2024年3月14日 · An “axe” in trading signifies a trader’s strategic interest in managing securities, involving buying, selling, or hedging. Originally linked to bond markets, the term “axe” now encompasses all types of securities in the dynamic financial landscape.