E-Bond Trading 2004: Going Beyond Trade Execution
Abstract
Boston, MA, USA March 30, 2004 Celent anticipates that by the end of 2007, more than 60 percent of fixed income trading will occur electronically. After three years of intense competition, bankruptcies and consolidations, the electronic fixed income market has stabilized and is poised for a new phase. In a new report, " ," Celent examines the growth of the U.S. fixed income market as well as the key trends affecting the ongoing development of the electronic fixed income market. The report profiles five leading trading platforms in the U.S. market: TradeWeb, MarketAxess, TheMuniCenter, eSpeed, and ICAP. According to Sang Lee, manager of Celent痴 securities and investments practice, "The e-bond market is no longer just about trade execution." Lee adds, "We expect to see increased efforts in creating a full-STP solution for the fixed income community." In 2000, the enormous market excitement was based on unrealistic, hyped-up expectation levels and a lot of vaporware. However, this time around, market optimism is based on realistic client expectations and tangible trade volume. After a couple of years of uncertainty, it has become clear that the electronic fixed income market is here for the long haul and the real competition appears to be just beginning. A is available online. |
of Celent Communications' Institutional Securities & Investments research service can download the report electronically by clicking on the icon to the left. Non-members should contact info@celent.com for more information. |
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