FCA Approves Bondcube as Crossing Network
The platform was created by Paul Reynolds, a former Deutsche Bank and Citi fixed-income trader, and offers dark-matching capabilities for buy-side and sell-side users to negotiate the size and the price of orders anonymously, without anyone else being aware.
Working as a liquidity discovery network, Bondcube is designed to handle difficult orders that are likely to move prices if done over the phone and that carry too much market risk. The platform is therefore hoping to unblock liquidity by
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