LETTER FROM THE EDITOR
DEPARTMENTS
As if it wasn’t hard enough when there were just equity and foreign-exchange systems to worry about, now we’ve got fixed-income trading systems popping up left and right! We profile three in this issue alone.
Why bonds? Why now? Well, it’s one of the last bastions of traditional broking. It’s also the largest capital market in the world. Who wouldn’t want to set up a tollbooth? Just ask the 12 firms backing BrokerTec Global or the three firms funding Market Axess.
But what does it all mean? Well
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