AIBD, Eurobond Clearing Houses Take Feud Over Trade Matching Systems To Dallas


The Association of International Bond Dealers' recent annual meeting in Dallas turned into a showdown between the Zurich-based trade group and the Eurobond clearing houses over which system dealers will use to report and confirm trades.

At last year's meeting in Oslo, AIBD members voted against an automated price quotation system and approved an online trade matching and confirmation system. Known as TRAX, the $8.9 million system will let dealers know within a half-hour if their counterparty

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