11 Jan

The Number Of Bond Trading Platforms Reaches 128

The explosion of new venues for Fixed Income trading shows no signs of slowing, with the number growing to 128.

According to The Trade, the asset class is overcrowded with trading venues, as regulation forces the structure of fixed income across instruments away from a centralised model – mostly due to bank balance sheet constraints - towards a decentralised model.

Market participants have said the explosion of venues is causing fragmentation and a ‘liquidity drought’ in global bond markets.

Well worth reading the whole article -