Buy-side firms doubt SEC initiative will fix bond markets
Despite increased electronic trading, liquidity worsening in some corporate bonds
New rules on electronic trading in fixed-income markets cannot be counted on to boost volumes or improve liquidity, say fund managers.
The US Securities and Exchange Commission’s move to establish a new fixed-income market structure advisory committee is widely seen as a first step towards formulating new regulations governing the asset class, such as a national best bid and offer (NBBO) rule for
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