Why e-trading is a turn-off for UK
While euro and dollar investors have embraced the move to electronic trading, their colleagues in the sterling market have so far resisted the new technology. The reason, they argue, is that the sterling market lacks sufficient liquidity. Oliver Holtaway reports
Electronic trading is the future of the credit market. E-trading platforms such as MarketAxess and TradeWeb have already been successful in penetrating the dollar and euro markets for both governments and corporate bonds, while CDS trading platforms such as Creditex are making leaps and bounds in the structured credit space. The advantages are obvious: quick, efficient execution of big-ticket trades, improved liquidity driving bid-offer spreads tighter – the list goes on and on
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