New MTF Tackles Convertibles Data Quality

The MTF is currently awaiting approval from UK regulator the Financial Services Authority before launching its electronic trading platform that connects buy-side investors in convertible bonds-a market that until now has been traded exclusively in an OTC phone-brokered environment, says Vega-Chi chief executive Constantinos Antoniades.

"The current OTC trading environment for convertibles does not foster pre- or post-trade transparency," Antoniades says. "Some vendors aggregate prices contributed

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