Jefferies quits as retail market maker for UK gilts: DMO

Jefferies quits as retail market maker for UK gilts: DMO
Jefferies quits as retail market maker for UK gilts: DMO Copyright Thomson Reuters 2022
By Reuters
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LONDON – Britain’s Debt Management Office said U.S. investment bank Jefferies International had resigned as a market maker for British government bonds in the retail market.

The move will take effect from the close of business on Friday, the DMO said.

Jefferies’ resignation leaves the DMO with two other retail market makers: TD and Winterflood, who are charged with selling gilts to a retail audience.

The DMO has 15 banks who act as primary dealers for institutional investors.

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