Agency Bonds

Our two bond dealing teams, King & Shaxson and NCL Capital Markets, offer a fully comprehensive coverage of both Sovereign and Corporate bonds in all the main currencies.


Our two bond dealing teams, King & Shaxson and NCL Capital Markets, actively trade both domestic and eurobond issues, focusing on gilts, supranational and investment grade credit but also with market expertise in sub-investment grade bonds.


The service ranges from execution-only to full advisory. Bespoke packages are available comprised of varying levels of research, monitoring and advice. This can include trade ideas, execution, settlement, safe custody and performance measurement. Client portfolios can be enhanced by employing switch opportunities and extension / shortening trade ideas – both from a credit and interest rate perspective.


For investors with specific investment needs, extensive market contacts are used to arrange private placement bond issues (fixed, floating rate and index-linked) or taps of existing market issues.


Hedging of individual transactions, or indeed a whole portfolio, can be arranged. The bond dealing service is also complemented by a service in foreign exchange and transactions can be settled in any of the major currencies


As matched principal, King & Shaxson does not take positions. Views and recommendations will always be unbiased and for the sole interests of clients, whose anonymity will be preserved.

The well established domestic and international client base extends across:

  • pension funds;
  • charities;
  • insurance companies;
  • universities;
  • corporates;
  • building societies;
  • local authorities;
  • hedge funds;
  • private banks;
  • international banks

Matched Principal

A financial institution that interposes between buyers and sellers in such a way that it is never exposed to market risk, executing each side simultaneously and allowing their clients to transact anonymously in over-the-counter transactions.