Citadel Securities, Kenneth Griffin’s market making firm, is set to accelerate the adoption of electronic trading of corporate bonds with its entry into the credit market.
The firm, which serves as an intermediary between buyers and sellers of assets and executes $463bn worth of deals daily, introduced US investment grade bond trading in June, according to a report by the Financial Times. Electronic trading, which can play an important role in helping market participants to trade more efficiently and cut costs, has not yet conquered trading in corporate bonds the way it has other asset classes. Allianz GI's Riddell: Looming credit meltdown risks creating corporate bond fund illiquidity shock The high-frequency market making business, which is the l...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
