Bond Trading Resists Electronification, But for How Long?
Unlike other asset classes, the fixed-income market is still battling the logical and natural evolution toward the electronification of trades. As Jake Thomases highlighted in his two-part feature published in the June 2013 edition of Waters, the current protocols and trading models have done little to convince the buy-side crowd that e-trading of bonds is the way forward and most trades still take place over the phone.
Banks have also struggled to answer the needs of their clients and have
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