As the SEC turns to examine market structure issues in the bond markets, it comes at a time when there has been a flurry of new electronic trading venues entering with a range of protocols. FlexTrade’s Ivy Schmerken investigates.
Due to liquidity constraints, are buy-side fixed income traders prepared to play a more active role as price- makers on electronic trading platforms? FlexTrade’s Ivy Schmerken investigates.
The US ecosystem for swap execution facilities continues to evolve, but not as rapidly as regulators and lawmakers anticipated. Despite the shift to electronic trading, some observers question if swaps trading has reached a new equilibrium. The vision of a buy-side trader sitting in front of a screen with the ability to anonymously click on streaming prices from multiple SEFs could be several years away. However, new liquidity providers could be catalysts for change in market structure, suggested speakers at a recent webinar.
The regulatory overhaul of the OTC derivatives market has brought mandatory clearing and electronic trading to standardized swaps, but many say the market structure is stuck, citing regulatory ambiguity and separate liquidity pools.
By Ivy Schmerken, Editorial Director It’s hard to escape the headlines about FX trading lately. Words such as rigging, currency manipulation, chat rooms and billion dollar fines are grabbing attention and alarming many buy-side customers. It’s an environment that could give pause to investors, so it’s interesting to note that, in spite of these transgressions, the …
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