The latest figures from the Bond Market Association indicate that the past year has been a time of maturation and consolidation for providers of electronic dealing platforms.
The BMA's annual survey has found 81 electronic trading systems currently operating in the US and Europe versus 79 last year. The report catalogues and describes all systems that allow dealers or institutional investors to buy or sell fixed-income products electronically.
After several years of expansion and consolidation among fixed-income trading systems, the report finds platform operators focusing more attention on product enhancements. The Association expects some consolidation going forward as less efficient platforms exit the space or are absorbed into larger systems.» Download the document now 407Kb PDF