Open Platform - The Impact of Electronic Trading on Price Transparency In the Fixed Income Markets
IMD FIXED INCOME SPECIAL REPORT 2002
by Ben Fortunato, director of Market Data, TradeWeb LLC
What has been the impact of electronic trading on price transparency in the fixed-income markets? Has price transparency improved for both liquid and illiquid asset classes? Is increased price transparency a good thing or a bad thing?
While these questions have generated a fair amount of controversy and debate in recent years, particularly with respect to the less liquid fixed income markets, I believe that most fixed income professionals
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