Brief piece by Larry Tabb, in Advance Trading, on the future of FI e-trading and that the time is right to move towards an agency/echange type model in Fixed Income.

I can’t say this immediately grabs me as a concept, and it certainly isn’t a new concept. I agree that by the time the markets have settled (2009?) there should be fertile ground for change, but as Tabb points out (and as is often the problem with FI e-Trading) who will drive it? Two players he fails to mention are the existing providers of FI e-Trading venues (e.g. TradeWeb, MTS, BrokerTec, eSpeed) and Exchanges (Equities and Futures).

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