Elixir’s Money Market Desk was established in 1998 having expertise in Fixed Income Trading and Interbank Money Market transactions.
The team has been rendering financial services for Interbank market instruments such as short term government papers (Treasury Bills), long term government bond (PIBs) and Corporate bonds (Term Finance Certificates, Commercial papers, Sukuks etc.)
The desk comprises of 6 individuals, who have expertise in dealing with Financial instruments(COIs, TDRs, Repos etc.) and have extensive contacts within the financial industry.
Elixir’s Money Market Desk has been consistently ranked amongst the top 5 brokerage firms for Money Market Dealing with a market share of around 12%
The Money Market Desk deals with major institutional clients including local and foreign commercial banks in Pakistan, investment banks, leasing companies, mutual funds & DFI’s, insurance companies as well as local corporate.
Daily trading volume is around PKR 8 - 10 billion (USD120 million)