Boston, MA, USA
April 14, 2008

Electronic Bond Trading: Reaching the Tipping Point

Table of Contents

Return to report Abstract

Executive Summary 03
Introduction 05
  Global Bond Industry Characteristics 07
  Market Size 07
  Market Growth 10
  Growth Projections 11
  US Trading Volumes 14
  Growth Inhibitors 18
The Evolution of Electronic Bond Trading 20
  Market Structure 20
  Role of IDBs 20
  Role of Voice Brokering 22
  Current Business Models 23
The Development of Electronic Trading 26
  Structural Shifts 26
  Profiles of Leading Electronic Platforms 30
  Interdealer Platforms 30
  Dealer-to-Client (D2C) Platforms 35
  Exchanges 40
  Platform Comparisons 44
  Trends in Electronic Bond Trading Platforms 45
  Changes in Market Structure 45
Conclusions 49
 

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