Government and Agency
FPG provides execution, distribution, structuring and expertise in government and agency bond markets globally, with 24-hour liquidity from trading presence in New York, London and Dallas. The team is comprised of experienced individuals and is a major trader of all products from government bonds and supranational debt to derivatives and structured products.
Government and Agency Securities has the following capabilities:
- Sovereigns
- Money Markets
- Agencies
- Inflation
- Repo Financing
- Financial Futures & Options
- Volatility
- Swaps
- Short-term Interest Rates
- Corporate Hedging & FX Solution
FPG Foreign Exchange
FPG Foreign Exchange group operates a 100% client-focused business, offering highly competitive trade execution in addition to scalable and innovative e-commerce solutions. Clients are able to trade through traditional voice as well as cutting-edge electronic channels to optimize execution.
FPG FX Prime Brokerage
FPG FX Prime Brokerage provides clients a full suite of credit intermediation services across a wide spectrum of interbank counterparties and institutional trading venues. As a full-service offering, clients receive collateral and trade netting efficiency through a single credit relationship with FPG. This service is provided to institutional clients including hedge funds, corporates, broker-dealers and banks.
Strategy
Strategists provide value-added macro insights and analysis on data and events that drive FX markets while working closely with FPG Economics & Strategy teams.
Securitized Markets
FPG is a market leader in global mortgage-and asset-backed trading with professionals located in the U.S., Europe and Asia. The team of senior sales and trading professionals has an average of more than 15 years of experience and long-standing relationships with key market players.
Securitized Markets Group has the following capabilities:
- U.S. Agency and Non-Agency Residential Mortgage-Backed Securities
- European Prime and Non-Conforming Residential Mortgage-Backed Securities
- Asset-Backed Securities
- Commercial Mortgage-Backed Securities
- CLO
- Market Place Lending
Capital Markets
Strategy specialists structure and place whole loan transactions, manage market participant loan and bond lending facilities and provide broad coverage of mortgage and specialty finance originators.
Leveraged Finance
FPG is a premier provider of debt solutions in the Americas, Europe and Asia. By offering a creative approach to financing, superior capital markets expertise, deep industry insight and global distribution capabilities, FPG assists clients by helping them structure and access the capital they need.
FPG leading Debt Capital Markets team provides distribution and issuance expertise to corporate clients and institutional investors in conjunction with FPG Investment Banking.
Global Capital Markets
FPG Fixed Income has capital market capabilities across the following products:
- Investment Grade Credit
- Securitized Markets
- Mortgage- and Asset-Backed Securities
- Commercial Mortgage-Backed Securities
- Market Place Lending
- Mortgage & Consumer Finance
- Municipal Public Finance
- Government and Agency Securities
- Structured Solutions
- Emerging Markets
FPG also offers expertise in Corporate Hedging and FX Solutions to our Capital Markets clients.
Corporate Credit
FPG covers the full gamut of corporate credit, providing global liquidity in:
- Investment Grade Corporates
- High Yield Corporates
- Par Loans
- Distressed and Special Situations
- Credit Derivatives
- Portfolio Trading
Investment Grade Corporates
The Investment Grade desk is a market maker across a variety of investment grade corporate bonds, including senior and subordinated debt, hybrid debt and preferred products. We are a leading liquidity provider in electronic markets including MarketAxess, Tradeweb and Bloomberg.
Capital Markets
FPG provides corporate clients with strong execution in a broad range of financial products by offering capabilities across the capital spectrum including public and private placements, debt, preferred stock, structured notes, derivatives and other liability management solutions.
Leveraged Credit
FPG Leveraged Credit is a recognized leader in par loans and high yield finance, with a team of professionals offering integrated sales, trading, capital markets and strategy capabilities in the U.S., Europe and Asia. Our depth of talent, extensive investor relationships and integrated approach help distinguish the FPG brand. In the primary market, FPG is a market leader in the issuance of loans and high yield bonds and offers structured finance transactions and bank and bridge loans. In the secondary market, the team has extensive capabilities in the trading of high yield bonds, par loans, distressed and special situations, mezzanine, high yield preferred stock, trade claims, litigation claims and equity of companies exiting bankruptcy.
Capital Markets
FPG leading Debt Capital Markets team provides distribution and issuance expertise to corporate clients and institutional investors in conjunction with FPG Investment Banking.
Macro Credit
Credit Derivatives
The CDS Index desk is a market maker in Investment Grade Index (CDX IG) and High Yield Index (CDX HY) and actively provides liquidity to clients through all major venues.
Portfolio Trading
The Portfolio Trading desk provides single security and portfolio liquidity to FPG Investment Grade and High Yield clients. The group uses its significant market share in bond ETFs to drive liquidity across numerous electronic platforms and venues. Our proprietary algorithms allow us to stream prices to clients, respond to electronic inquiries and price large portfolios of risk of varying size.
Strategy
As part of an integrated platform, Strategists deliver tailored and customized service, including facilitating direct and indirect access to issuers and institutional investors around the globe while working closely with FPG sales and trading teams. Both product-focused and cross-asset Strategists provide in-depth and relative-value analysis in a variety of market conditions.
The Strategists look to add value to clients by providing relevant and timely analysis and commentary, particularly seeking early identification of market opportunities or highlighting market reaction or overreaction to current developments.
Emerging Markets
FPG is a market-maker and active participant in hard currency sovereign and corporate fixed income markets in Latin America, Eastern Europe, Middle East, Africa and Asia.
With a team based in the Americas, Europe and Asia, FPG has one of the largest distribution groups in emerging markets, covering a broad range of institutional investors and offering unparalleled access to trading flows and liquidity.
Our experience and long-standing, high quality relationships allow us to utilize our balance sheet and provide the highest quality liquidity and intellectual capital to our clients.
Strategy
FPG Strategists perform in-depth analysis of sovereign and corporate issuers across all emerging markets. Our top-ranked strategists are fully integrated into the sales and trading platform.
Municipal and Not-for-Profit
FPG Municipal and Not-for-Profit team serves issuers and investors in municipal securities markets. Municipal Securities is organized between Sales and Trading and Public Finance.
Municipal Securities market-side team has strong sales and trading capabilities in all areas of municipal securities and is a market leader in providing secondary market liquidity and execution. The team is committed to offering the right product to help clients meet their goals.
FPG Public Finance is a first-tier, experienced underwriter in all areas of public finance and is a market leader in assisting issuers in meeting their financing needs. The team acts as senior manager and co-manager in both negotiated and competitive financings, as well as offering structuring and derivative advice, serving the full spectrum of municipal issuers across the U.S.
Municipal Securities Sales & Trading has the following capabilities:
- Taxable and Tax-Exempt
- High Yield Taxable and Tax-Exempt
- Taxable and Tax-Exempt Money Market Instruments
- Credit and Quantitative Analysis
- Derivatives
- Underwriting
FPG Public Finance has expertise in the following areas:
- Airports
- Education
- General obligation bonds
- Healthcare
- Housing
- Not-for-profit entities
- Public power
- State revolving funds
- Transportation
- Water and sewer
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New York
1115 Broadway,
16 Madison Square West,
New York, NY 10010,
United States
Dallas
4713 West Lovers Lane,
Dallas, TX
75209,
United States
London
231 Vauxhall Bridge Road,
London,
SW1V 1AD,
United Kingdom