Chris White

Chris White, CEO of Viable Markets and former Goldman Sachs expert, shares insights on the precarious state of the corporate debt market. He warns that the extreme quest for yield and rising debt levels could set the stage for a potential crisis. The discussion highlights the contrasts between the transparency of credit and stock markets, emphasizing risks in BBB-rated bonds. White delves into the potential for rising defaults and how central bank policies and the pandemic have exacerbated vulnerabilities, drawing parallels to pre-2008 financial woes.

Chris White, CEO of ViableMkts and BondCliQ, is an expert in market structure and credit trading. He discusses the recent decline of dedicated odd lots desks in major banks, signaling a shift in trading practices. The conversation dives into the evolution of odd lot trading, influenced by automation and competition, particularly in corporate bonds. Chris highlights the implications for manual trading and liquidity, while also exploring the challenges of all-to-all trading in the bond market amid concerns over systemic risks.