Trading

Jefferies launches fixed income desk in outsourced trading push

Asset managers are increasingly outsourcing their trading to manage costs and access international markets

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Jefferies is expanding its outsourced trading business as rivals have cut back Photo: Michael Nagle/Bloomberg via Getty Images

Jefferies has set up a fixed income desk for outsourced trading as the US investment bank pushes for further market share in the growing sector.

The Wall Street firm launched the desk in the US in recent weeks and plans to expand the offering to other regions, Dean Gray, head of international outsourced trading at Jefferies, told Financial News.

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