General
axe
What does axe mean?
What a trader needs to buy or sell, urgently, off their own book. The desk sends round an axe sheet so salespeople can ring clients and dress it up as a great idea. If sales pitches you a bond out of nowhere, odds are the trader's axed in it.
"We're axed to sell that 2031 — get it in front of the real-money guys before EOD."
Origin
From the older English phrase "axe to grind" — a vested interest you're pushing.
Frequently asked questions
What does axe mean in trading?
It's a position a trader badly wants filled, which gets pushed onto sales to offload to clients.
How do you use axe in a sentence?
"We've got an axe in that bond — try to move it to the buy-side today."
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