The final frontier
Rates. FX. Treasuries. Government bonds. All asset classes that have been swift to adopt e-trading on single-dealer, proprietary systems. But credit has so far remained resistant to the idea - a situation only exacerbated by the financial crisis. Simon Boughey asks why
The decision to provide a proprietary single-dealer e-trading platform for a bank's clients is based upon the belief that it can furnish a different level of service than is available anywhere else on the Street. Those shops that have taken this route -Barclays and Deutsche Bank, for example - believe that this criterion has been fulfilled. But what is also clear is that the volume of pure credit
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