Corporate bond portfolio trading (PT) will continue to grow in 2024 as buy- and sell-side participants increasingly use it to cycle risk and execute trades quickly and efficiently across credit products, according to panelists at a recent Coalition Greenwich webinar, titled “The Present and Future State of Corporate Bond Portfolio Trading.” The webinar was hosted by Kevin McPartland, Head of Market Structure & Technology Research at Coalition Greenwich.
Full Steam Ahead
“2023 represented a significant milestone in portfolio trading in corporate bonds,” said Paris Pender, Head of PT and Macro Credit Trading at Trumid. Trumid analysis saw PT at 8% of all TRACE volume in Q4 as dealers “were very efficient in providing quotes and liquidity, and pricing was reliable.”
Read the full article on greenwich.com