Data is harder to come by in the less liquid, off-the-run Treasury securities.
Buy-side order flow may be a poisoned chalice for digital trading venues.
The secret is to have data consolidators compete with the SIPs, IEX says.
Off-the-run securities are less liquid despite comprising the bulk of the market.
Regulatory uncertainty keeps broker-dealer dreams in a holding pattern.
Price, size, and info containment are benefits of the direct streams trading protocol.
Technology exists, right now, to improve investor returns, systematically and durably.
There's a lot to cover in fixed income market structure.
Is it time to put Reg NMS to bed?