noun
General Slang
Axe
· noun · finance
A position a trader badly wants done, pushed onto sales to shift to clients.
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Definitions
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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.”
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Axe In A Sentence
We're axed to sell that 2031 — get it in front of the real-money guys before EOD.
Origin & Usage
From the older English phrase "axe to grind" — a vested interest you're pushing.
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