Wattson's TGB Corp. Seeks Backing For New Government Securities Broker

THIS WEEK'S LEAD STORIES

Henry Wattson, originator of screen-based government securities trading, wants to lead the industry a step closer to electronic trading. Wattson is the mind behind TGB Corp. a new brokerage service that wants to re-write the rules by which U.S. government securities brokers play.

TGB -- for third generation brokers -- is circulating a business proposal to a select group of primary dealers in government securities. The proposal describes a capitalization plan that would allow dealers to become

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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