OTC Interest Rate Market Structure Change

What is the state of the interest-rate market in FICC structurally, in regards to going electronic? I read about Javelin, TrueEX, and some other platforms that are facilitating clients' ability to put out RFQ's to several banks. From what I understand, in the past, putting dealers in competition was frowned upon. How far is the interest-rate market from becoming like equities or FX in terms of transparency and electronic liquidity? Here is an article I read about a lawsuit where the plaintiffs (clients of the bank) alleged that the banks prohibited them from using electronic facilities to execute their trades.

ifre (dot com)
rate-swap-conspiracy-charges-grow/21237447.fullarticle (had to separate the link to post)

 

Forgive me if this is a really noobish question, but what products/desk works w rate instruments that are sort of in the middle of vanilla and super tailored? I.E. which product groups in rates within FICC have the best balance between volume and margins?

Thanks for the help

 

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