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A threat to the Ion throne?
Banks need connections to e-trading venues; they don’t want the other services that come with them
As they search for an electronic trading edge in a rapidly changing fixed income market, banks face a bind. Vendors that provide the must-have gateways to an expanding galaxy of exchanges and trading platforms often bundle the service up with a host of other trading applications – from order routing to traders’ screens and analytics – making it harder for users to design and deploy their own, snazzier alternatives.
Chafing under this constraint, a growing number of dealers say they are ready to
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