Buy side unconvinced of corporate bond streaming benefits
Managers see limited utility of streamed prices in the once OTC-only asset class
Direct price-streaming for corporate bonds is struggling to make the impact electronic trading has had on other markets – despite renewed efforts from dealers, who have offered streaming in some capacity for years now.
Asset managers have long complained about the lack of quality pre- and post-trade information in corporate bond markets – specifically, the absence of a consolidated tape for traded prices in Europe, and, more generally, the unreliability of dealers’ pricing indications.
Now, the
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