Dark pools and platforms vie to fix credit markets

A side-effect of tough bank capital rules could be the rise of dark pools for credit trading

Crossover: some participants believe the answer may lie in combining dark pools with the concept of session-based trading

As 2014 drew to a close, a multi-strategy hedge fund in the US mid-west was puzzling over the performance of its credit strategies. The firm had been deeply pessimistic about credit markets for some time, and told its clients as much in a series of gloomy investor letters. Despite this, its credit strategies were consistently beating expectations. Now, some of its investors wanted to know why.

"We were scratching our heads," says a partner at the firm. "We eventually realised we had slipped into

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here