Fixed income trading with tangible added value

Our sales traders can meet specific client requests with the speed and efficiency that Carax is known for. We help clients make shrewd investments, whether they want to boost their portfolios’ returns, better allocate their cash, manage their capital more effectively, or meet increasingly stringent regulatory requirements.

All of our clients are qualified investors and sound counterparties:

• Tier 2 and Tier 3 end clients located in France and across Europe
• Asset managers
• Mutual funds
• Pension funds
• Hedge funds
• Insurance companies
• Family offices

This broad network positions us to leverage numerous opportunities across multiple sectors to deliver excellent liquidity.

Our fixed income desk covers the full spectrum of fixed income instruments :

The experts on our team all have extensive experience at major financial institutions, meaning they understand the risks and challenges our clients face. At Carax, we combine industry-leading systems and technology with the insights that only seasoned professionals can provide—meaning we’re ideally positioned to provide bespoke services that help clients achieve their investment goals.
 
Today Carax is a leading trader in the secondary bond market, with:

• 8 billion EUR in transactions in 2016
• 430 institutional-investor clients in Europe

Pioneering expertise in cash equities trading

Cash equities is our original and core business; we have been pioneers in algorithmic execution for equities trading since 1999.

Our approach is performance-driven for clients. That means we help clients achieve their investment goals, whether they’re looking to boost returns, increase alpha, or get out of a riskier position. Clients turn to us when they want to:

• Source liquidity
• Challenge the average market price (VWAP)
• Minimize the market impact of large trades

In many large investment banks, trading and market-making are based increasingly on algorithms. But at Carax, we also offer expert insight from experienced traders who take into account not only prices, but also market trends and developments. That combination of human acumen and algorithmic excellence is what sets us apart.

Our services span the full spectrum of equities trading, from no-touch (or low-touch) all the way to high-touch. We have access to both established exchanges and dark pools. That means we can offer full-service execution and clearing at competitive rates.

Our cash equities business is already MiFID 2 compliant, with separate trading, execution, and research operations. We are completely transparent and clear with our trades.

Fast, reliable execution in equity derivatives

Our derivatives desk offers end-to-end trading and execution services for equity futures, options, indices, ETFs, volatility and Δ1 products, and more. We are active in the inter-dealer broker and OTC markets with access to all major exchanges. Our team of experts ensures fast, efficient trades - giving clients enhanced liquidity and reliable service all the way through.

The derivatives desk was created in 2010 leveraging the same methodology that made our cash equities business so successful. Our team consists of knowledgeable traders who previously worked in derivatives sales and execution at top-tier financial institutions. They bring a solid understanding of both sides of the derivatives trading process, which lets them supplement our market-leading technology with targeted recommendations on trading strategies and ideas. Clients get independent advice coupled with transparency, best execution, and competitive pricing.

Our derivatives business is fully MiFID compliant, ready to welcome MiFID II. We operate within a strict regulatory framework implemented through stringent internal controls.