Credit Where it's Due

IMD: Since Credit Market Analysis was acquired by CME Group, how-if at all-has that changed the running of the business?

Paulhac: It has not changed our business very much. CME Group made the decision to let CMA run independently, so even though we are wholly owned, we are a very independent subsidiary. We have our own board of directors and we operate independently from a financial standpoint, with our own P&L. This has allowed us to retain our strengths, which are our culture, nimbleness and

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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