Mostly… fixed income and cross product eTrading

May 16, 2008

Covered Bond Platform

Filed under: etrading — holky @ 10:51 am

Finextra tells us that Six companies – Icap, TradeWeb, Eurex, MTS, BGC Partners and Bloomberg – are bidding to provide a new electronic trading platform for European covered bonds. Of course the devils in the detail with regard to the winners mandate, but if the punchline is a single platform, with no bridging connectivity to/from other execution venues/platforms, then aren’t the losing bidders going to argue same argument as was put against MTS being the single EGB venue?

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