Multi-dealer platforms gear up for credit e-trading adoption

Regulatory pressure for transparency across the financial markets is good news for multi-dealer e-trading platforms, pushing them into a range of new product offerings.

The fixed income trading world is evolving. The dislocation in many markets during the financial crisis has led both buy- and sell-side market participants to consider the benefits of electronic execution. Meanwhile, regulatory initiatives in the US and Europe, although focused primarily on derivatives, are expected to drive increasing volumes of both credit derivatives and cash bonds onto electronic platforms.

Figures from a survey of European fixed income investors by the Association for