Fixed Income: Electronic Evolution

The historic liquidity issues plaguing the fixed-income market have been recognized for some time and a number of trading platforms have been launched to facilitate trading, particularly within the secondary bond market.

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Electronic platforms have swamped the corporate bond space but consolidation will thin the herd.

The fixed-income market has become more challenging for buy-side firms to trade in as the bulk of liquidity has shifted away from dealers and into buy-side portfolios. Regulations surrounding capital adequacy and risk for traditional market-making banks have also meant that those institutions have focused on a tighter range of highly traded bonds.

While the fixed-income market lags behind the equities and foreign-exchange markets in terms of electronification, the historic manual request-for

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A tech revolution in an old-school industry: FX

FX is in a state of transition, as asset managers and financial firms explore modernizing their operating processes. But manual processes persist. MillTechFX’s Eric Huttman makes the case for doubling down on new technology and embracing automation to increase operational efficiency in FX.

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