Amid credit market gloom and forecasts that continually
postpone the onset of recovery, the CEO of online credit trading
platform MarketAxess is optimistic. "More people are starting to
feel like the vast majority of bad news is behind us," says Rick
McVey (pictured above). "I am encouraged by the signs. We are on
the verge of a major growth wave in corporate bonds."
Before you wonder what McVey knows that investors around the world
don't, bear in mind that, as the head of the last remaining serious
corporate bond platform, McVey is paid to be positive. "In many
respects, I feel like we have been an oasis in a credit desert over
the last two or three quarters," he says.
This time last year, MarketAxess was just one of a large number of
credit trading platforms. Banks were beyond the stage where they
would throw support (and money) behind...
