BrokerTalk puts the flow back into the market

BrokerTalk puts the flow back into the market

First Published: e-Forex Magazine 16 / Case Study / October, 2004

A new service, launched by a group of senior investment bankers, fixed-income traders and asset managers, is aiming to put back a key ingredient that has been missing and presumed lost from the financial markets. BrokerTalk™ will reveal the key trading activities — known as the flow — which are driving the price action in the markets. The advent of electronic trading has made such information much harder to access, a situation BrokerTalk will remedy.“Electronic trading has presented many challenges to the trading community,” says a fixed-income trader at one US investment bank. “It is now generally accepted that it is far more efficient than open-outcry or other methods of dealing. However, one aspect that is clearly missing from today’s markets is information on the flow. The demise of floor trading in futures and telephone trading in other markets has made it far more difficult to decipher what is going on behind the price action,” he adds. “We have...continued

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