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BlackRock, Vanguard tapping more into electronic bond trading

Reuters  |  NEW YORK 

By John McCrankNEW YORK (Reuters) - Electronic trading is becoming increasingly important when it comes to corporate debt as fund management firms try to knit together sources of liquidity in a fragmented market, executives from Vanguard Group Inc and BlackRock Inc said on Thursday. "Our goal by the end of the year is that every trade we do is going to be done electronically," Jim Switzer, global head of credit trading at Vanguard, said at the inaugural meeting of the U.S. Securities and Exchange Commission's Fixed Income Market Structure Advisory Committee. That does not mean traders will ...

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First Published: Fri, January 12 2018. 02:07 IST
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