The Holy Grail for Technology Firms - Matching Corporate Bonds

Markets Media reports that a recent Greenwich study shows that nearly half of buy-side corporate bond traders expect all-to-all trading to be the largest source of liquidity and that two thirds of investors believe that electronic execution of corporate bonds smaller than USD1m is now easy. By contrast it has become harder to trade larger blocks over USD 5m.

The piece also notes that whilst the dealers have reduced their capital commitment, they continue to be at the centre of corporate bond trading.

The Greenwich study also shows that the growth of etrading has boosted the quantity of data, along with the tools available to analyse and trade on the data.

The article mentions that TransFICC provides a technology solution, enabling clients to manage connections to an increasing number of venues, simplifying connectivity through its consolidated API.

"Steve Toland, founder of TransFICC, told Markets Media: “We are testing our API with six banks and two buy-side firms and will be launching a full release in the summer. We have also signed agreements with about 40 venues.”

Well worth reading the complete article at http://marketsmedia.com/all-to-all-trading-expecte...