The infrastructure market for bond trading has shifted from principal trading to agency trading. a. Why were
Question:
The infrastructure market for bond trading has shifted from principal trading to agency trading.
a. Why were trades historically done on a principal basis?
b. What does it mean that bond trades are executed on an agency basis?
c. Explain why this shift has occurred.
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a Trades were historically conducted on a principal basis due to the nature of the bond market In principal trading a dealer or broker buys securities ...View the full answer
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Related Book For
Bond Markets Analysis And Strategies
ISBN: 9780253337535
10th Edition
Authors: Frank J. Fabozzi, Francesco A. Fabozzi
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