Dealer balance-sheet constraints, rising inventory costs and fragmented trading venues continue to challenge liquidity in fixed income markets, says Simon McGhee, head of fixed income aggregation at Virtu Financial. Speaking to Trader TV at the Fixed Income Leaders Summit in Antibes, hosted by Worldwide Business Research (WBR), McGhee discusses where he sees electronic trading and liquidity aggregation reshaping bond execution, why large trades in off-the-run credit still rely on manual negotiation, and the growing role of algorithms and smart order routing in connecting investors to liquidity.
In this episode:
đź“Ś The key liquidity and structural challenges facing fixed income markets
đź“Ś What fixed income can learn from equities’ evolution in electronic trading
đź“Ś The role and limitations of EMSs in accessing liquidity across less liquid bond markets
đź“Ś Virtu’s strategy for expanding its competitive position across fixed income
 [This post was first published on Trader TV]
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