Non-bank growth in e-credit spurs dealer algo push
As the likes of Jane Street capture more electronic business, dealers are reassessing their capabilities
The sharp rise in non-bank market-makers in the credit bond space has caused traditional dealers to rethink how fast they are migrating to algorithmic trading.
Non-bank systematic market-makers have become an important source of liquidity for traders during volatile times. According to a recent survey by Redlap Consulting of 30 global heads of trading at fund managers with $35.6 trillion of
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