Corporate bond market goes back to broking

08 May 2014 in THE BOND MARKET by Tim Binnington

Very interesting article on Euromoney by Peter Lee
Stu Taylor, Algomi, who launched UBS PIN-FI as head of matched principal trading in fixed income at UBS, left the bank in 2012 to set up a new company, Algomi. He tells Euromoney: “Because only 1.5% of corporate bonds trade every day, this is an inherently illiquid asset class that sits uncomfortably on exchanges and crossing networks and is not well suited to central limit order books. A better way to tackle the liquidity problem is for banks to do a much better job of capturing, prioritizing and acting on the vast quantities of information flowing through their systems on the much wider universe of bonds that they may not have positions in but that they do have insight about.”

For the full article, click here.