Now, investment banks are pushing to stoke more electronic trading in the market, especially with small trades that otherwise might fall through the cracks. Will machines take over the bond market too?īanks including Credit Suisse Group, Goldman Sachs Group, and Morgan Stanley are all making bets in that direction, unleashing new trading software systems in recent months to pick up share in the $6 trillion market for investment-grade corporate debt.Ī recent study by the Bank for International Settlements estimated that only 40% of investment-grade corporate bond trading was executed through computers rather than over the phone, compared with 75% in Treasury-debt trading, 80% in stocks and 90% in a broad array of futures contracts.
The Wall Street Journal reports Machines Took Over the Stock Market.
0 kommentar(er)
