Bond MTF Vega-Chi Set to Go Live
The new venue, whose trades will be cleared by BNP Paribas, "combines fixed-income and equity volatility, price spreads and risk for interest rates-a lot of variables," says Constantinos Antoniades, CEO of Vega-Chi. "Convertible bonds are affected by the changes in equity price, credit spreads and other variables," he adds.
Vega-Chi aims to improve the efficiency of convertible trading, since "there are 15 different dealer-run crossing networks that have created an inefficient market structure,"
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