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Dark pools and platforms vie to fix credit markets
There is widespread agreement that buy-side firms need to trade with each other to boost dwindling credit market liquidity, and at least 15 platforms are offering to make it happen. It could see a chunk of trading shift to dark venues
![risk-0415-credit-trading-dark-pool-app risk-0415-credit-trading-dark-pool-app](/sites/default/files/styles/landscape_750_463/public/import/IMG/439/314439/risk-0415-credit-trading-dark-pool-app-580x358.gif.webp?itok=L1G3Q7RU)
As 2014 drew to a close, a multi-strategy hedge fund in the US mid-west was puzzling over the performance of its credit strategies. The firm had been deeply pessimistic about credit markets for some time, and told its clients as much in a series of gloomy investor letters. Despite this, its credit strategies were consistently beating expectations. Now, some of its investors wanted to know why.
"We were scratching our heads," says a partner at the firm. "We eventually realised we had slipped into
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