Bond Trading Desk
Lenger Asset Management has developed our own bond trading desk, which adds significant capability and value with the management of our bond portfolios. Ultimately, this allows us to negotiate better pricing and terms on individual bond holdings. We have outlined the process of the desk below to help further explain the value proposition Lenger Asset Management brings to our clients.
Clients establish a prime brokerage account, which allows us to aggregate funds into a single pool. This provides us the ability to negotiate better pricing and terms through size.
A proxy of bond prices and offerings are taken from our bond trading platform. This is an electronic posting of bonds offered through various participants in the market.
After the market has been evaluated for the desired parameters of the bond trade the bond desk turns to our network of regional bond dealers to negotiate better terms.
After obtaining the best offer within our network the bond trading desk will then directly call the custodian institutional bond desk to try and obtain better pricing through their network.
Once the best terms and pricing have been established either through the electronic platform, our regional network or custodian’s network, the trade will be placed.
Once the bond trade has settled, the position is divided up into the various client accounts.
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