Credit market participants have always been in agreement about the benefits of electronic trading: transparency, ease of execution, liquidity, competitive pricing. So why has it taken the credit markets so long to adopt e-trading to the extent that other markets – equities and FX, to name but two – have done?
One reason is the fragmented nature of the bond markets. Another reason can be summed up in two words: Lehman Brothers. The global financial crisis that reached its nadir following the colla
The week on Risk.net, October 6-12, 2017Receive this by email
- SGX, HKEX expect to be among first wave of Mifid II equivalence
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- Quantile, TriOptima face off in cleared swaps compression battle
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- Quants stymied by lack of alternative risk premia flows data