BlackRock's recent announcement that it will be working alongside electronic market leader MarketAxess on the trading of corporate bonds has been called many things. BlackRock called it a "strategic alliance" and a "partnership." Others called it a "retreat," a "failure," and a "surrender."
Two weeks after BlackRock and MarketAxess, former rivals for a piece of the electronic credit market, emerged from the New York money manager's headquarters surprisingly holding hands, the industry still isn'
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails