The head of trading at the world’s largest asset management company has called for the creation of a single venue for trading cash bonds, fixed-income derivatives and exchange-traded funds (ETFs).
“I’m quite confident that the next leg of [fixed-income] market structure will be focused on this convergence of the over-the-counter and secondary markets and ETFs,” said Richie Prager, head of trading, liquidity and investment platforms for Blackrock, speaking at Risk’s Buy-Side Risk USA conference
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