E-Trading Corporate Bonds: Act Two?
READ PART ONE OF THIS TWO-PART FEATURE
The internet boom of the late 1990s and early 2000s brought with it a deluge of electronic platforms for the trading of corporate bonds. More than 80 appeared within a few years, heralding a new age of automated credit trading. But just as the dotcom bubble burst, so too did the e-credit bubble. Within a few years, nearly all the platforms had gone out of business.
While some of the offerings, especially the fly-by-night operations, suffered from poor
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