“Relationship managers rely on phone and email to share information in documents that take time for the banks to prepare manually,” said Vincent Caldeira, a former Bank of Singapore tech head and co-founder of Singapore-based fintech startup Bondlinc. “The process is also very inefficient.”
As liquidity and transparency problems continue in the fixed income space, electronic trading continues to grow and you will see many venues consolidating while the four dominant players in the arena (Bloomberg, MarketAxess, Tradeweb, Liquidnet) continue to grow and offer more tools for the buy side execution trader.
Paiton's successful debut shows one way to finance Asia's massive infrastructural needs, as bank lending becomes costlier
The International Organization of Securities Commissions (IOSCO) wants market participants to respond to seven recommendations by October 16.