Instinet Begins Basis Trading in 22 German Bonds, Competing With Espeed
TRANSACTION SYSTEMS
LONDON--Instinet Fixed Income Markets added basis trading for 22 German bonds to its fixed-income electronic transaction system last week in direct response to clients’ requirements.
Instinet Fixed Income (IFI) system users can now basis trade, simultaneously executing cash and futures, 16 deliverable and six non-deliverable German bonds.
Michael Paull, managing director for European fixed income markets at Instinet, says, "We started with German bonds because much of the trading is concentrated
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