Making the Connection: The Electronic Shift in Legacy Bond Market Workflow

The realization is starting to take hold that the market is pulling away from the liquidity conundrum that plagued it over the last half decade. For the largest size trades, liquidity still comes at a premium and relationship-based, voice-trading is still far and away the preferred mechanism for getting size done. This traditional component, however, is undergoing a transformation in its own right as electronic processing becomes more widespread and in turn improves trading efficiency.

In this TABB Group report, Making the Connection: The Electronic Shift in Legacy Bond Market Workflow, we highlight some of the new electronic tools that have made significant inroads with US credit trading in recent years and firms that are striking the right balance between old and new to achieve improved trading efficiency and effectiveness.