Wednesday, December 17, 2008

Why bond market liquidity matters so much


Agency brokers offer new hope for bond market liquidity The breach in liquidity is giving the agency brokers a once in a lifetime opportunity to develop meaningful business. They have the potential to be the conduit to dark pools of liquidity because they have no conflicts of interest and can offer investors trading anonymity. Agency brokers are able to go to both the buy and sell sides to find liquidity. An ex-salesman tells Euromoney: “Dealers have no stick to beat investors with. They offer little or no liquidity, their research is somewhat discredited, they have or are...


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