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I don't see why the banks' trading desks would want to make the bond market less opaque, their flow trading desks benefit from it.
by jakarta 16y ago
I don't see why the banks' trading desks would want to make the bond market less opaque, their flow trading desks benefit from it.
- ctkrohn 16y agoThis is absolutely true. More transparency => more accurate valuation => less bid/offer. Investors might like it, but don't expect the banks to be on board.