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Re:Direct Match (YC W15) Aims to Make Bond Trading as Easy a... by jbapple on Wednesday February 18, 2015 @12:13AM (#9067091)
Why is the buy-side in the driver's seat now?
Re:Direct Match (YC W15) Aims to Make Bond Trading as Easy a... by galen211 on Thursday February 19, 2015 @01:11AM (#9072692)
There's been a lot of concentration in assets under management among a few top buy-side institutions while dealers have reduced their risk tolerance/balance sheet and been displaced by electronic market makers, relative value hedge funds, and proprietary trading shops.