iStock |
Fixed income traders are warning pre-trade transparency rules under MiFID II will undermine already diminishing liquidity , as no realistic solution to the problem currently exists . |
An investigation by The Trade found traders are regularly being forced to ‘ show their hand ’ when using trading platforms to trade bonds , as screen prices are often not executable . |
Mark Winter , head of dealing at Santander Asset Management said the firm ’ s fixed income trading desk has experienced this , noting it to be “ a worrying trend ”.
He said : “ It ’ s less than helpful to the buy-side when you show
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