
Some dealers are much cheaper than others; now you know who
New system will name the three cheapest dealers for liquid securities and show how much they cost

If you trade the bonds of Shell, the Anglo-Dutch oil major, it pays to know which bank is cheapest. Because the most expensive dealer making prices in the company’s 18-year debt – for example – charges 67% more than the cheapest, according to a new tool from TradingHub, a British firm best known for its market surveillance software.
TradingHub bases this calculation on 68 trades in the two Shell bonds, for which four banks make prices. The details of the trades come from 30 firms – mostly asset
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