New financial regulations will transform e-trading of bonds and CDS

The times they are a-changin’

Alice Beavan, RBC: misleading price quotes are a problem

For operators of electronic trading platforms, whether single-dealer, inter-dealer or broker-to-client, the past year has seen a resurgence in cash bond trading after the Lehman-induced dip of late 2008 and early 2009. In fact, the signals are that volumes in 2010 could better previous records.

“There has been a comeback in terms of volumes executed electronically. Volumes are higher than they were in 2007, which was a peak year for electronic trading,” says Emanuele Caloia, head of fixed income