Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

19 May 2012

Goldman and Swiss only brokers trading for own account

14 December 2011

Traders at Goldman Sachs and Swiss Re are the only broker-dealers authorised to trade cat bonds for their own account, according to a Trading Risk survey.

And opinion is divided over whether broker-dealers should be involved in taking positions on bonds that they trade on behalf of clients.

Swiss Re's Patti Guatteri told Trading Risk that her desk's ability to take positions provides liquidity to the market. "This ability to take risk positions is a unique competitive advantage of Swiss...

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