The push for AI to unlock elusive automation in bond trading

Calculating total market capacity is key to automating the end-to-end execution of large bond trades, says Vuk Magdelinic.

Imagine you’re a tech-themed, bond fund trader and need to rebalance the fund immediately. To do so, you need to buy $50 million of a specific 10-year bond of a major telecommunications company. However, the largest amount of this bond traded on any day in the last six months is only $2 million. What do you do?

Traders usually execute large bond trades like this over the phone, with buy-side traders relying on a broker-dealer’s capability to source bonds to fill the trade. Some market observers

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