Fixed Income's Ascent to the Screen Can't Forget the Human Element
It seems inevitable that trading is destined for the screen, but that shouldn't remove the human element entirely
There were three stories published on WatersTechnology.com this month that made me think about the nature of market structure, and whether a single-minded focus on technology can be both a good and a bad thing in equal measure.
In traditional asset classes, not least of all equities, fixed income, foreign exchange (FX), and even derivatives in the futures and options spaces, markets are highly developed in an electronic sense. Central-limit order books (CLOBs), stock exchanges, swap execution
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