Fixed Income’s Sole Survivors

TRADING TECHNOLOGY

And it was just a year ago, when it became clear that US banks would issue what is known as "FDIC bonds" backed by the US government, that Tradeweb created pricing screens, and was ready to trade on day one complete with post-trade integration. For clients who took to the phones for trading during the financial crisis, Bloomberg integrated the e-mail confirmations of their phone trades into an automated trade process for straight-through processing (STP). And noticing that dealer inventory was

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