There is room for improvement in both the technology and the process in fixed income trading.
The multi-dealer platform for the CLO and loan market is being tested.
US Treasuries benchmark trading and US repo platform moved to Globex in February.
The lack of a term SOFR rate opens the conversation on alternative term rates.
The firm is close to having data, analytics, and pathways to access relevant protocols automatically.
CEO Lee Olesky says it's "early days of a new normal for electronic trading."
A number of trading volume records were achieved in March 2021.
From April sterling Libor cannot be used in any new lending or cash products that mature beyond 2021.
Chinese government bonds will be included in the FTSE World Government Bond Index (WGBI).
