Coding the markets

2 Responses to “Block TRACE again”

1. Tom Graff Says:

   
   October 3, 2006 at 8:34 pm

   Yeah, they can usually mask the real size on large trades. Also, most bonds that require real price discovery, like bonds with unusual coupon structures or call features, are not TRACE eligible. PLUS, those are exactly the type of bonds that are usually sold to retail investors.

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2. etrading Says:

   
   October 4, 2006 at 7:39 am

   Thanks for that insight Tom – I’ve had some contact with the structured notes business recently, and realised there’s not so much price transparency there, especially for retail.

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