The Biggest Story Ever Told?

ON BALANCE

Is the Thomson-TradeWeb deal the biggest story of the year? That’s what some believe.

Certainly the acquisition has spurred plenty of talk since it was confirmed two weeks ago. Many say that Thomson has been instantly catapulted onto the same level as Bloomberg. The addition of both the TradeWeb trading system, which reportedly has at least as much volume as Bloomberg’s fixed-income trading system, and puts it head-to-head with Bloomberg.

So goes the argument. But we’re not so sure. TradeWeb is

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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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