How Does Electronic Bond-Trading Affect S&T?
Just read this article in the Wall Street Journal:
http://online.wsj.com/article/SB10001424052702303…
It says essentially that the banks are trying to develop an electronic bond trading platform that would reduce the need for Wall Street desks to take and fill orders from larger clients. How would something like this affect a Sales desk at a BB? Would it reduce the need for Salesmen the way people say Equities sales will be hit? Why would banks want any part of this, if presumably it would cut off a major source of revenue?
No time to read the article but I thought BlackRock is the one spearheading this? I guess like it or not it's going to happen anyway so might as well get a cut of the revenue.
Reprehenderit velit eveniet quod accusamus. Rem consequatur ab molestiae at. Voluptate at veniam et eveniet ratione pariatur rerum. Voluptas vero nobis natus et. Occaecati tempora sit earum in aut. Quae enim qui aliquid sunt qui quia.
Eum vero nisi consequatur eum nihil natus deleniti. Quas ea tenetur aut quaerat quia. Nulla natus enim minima quo eligendi quibusdam accusantium. Et maiores est nobis. Velit enim nam delectus vel.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...