A concession has been granted by MarketAxess to Pimco that allows the bond giant to restrict the information it shares on the electronic platform. The move comes as a result of an agreement reached between the two firms in late May and is designed to prevent investors from accessing data about their investments without disclosing it.
A concession has been granted by MarketAxess to Pimco that allows the bond giant to restrict the information it shares on the electronic platform. The agreement enables Pimco to withhold information about cover bids on trades it executes on the platform, a scenario that is not forbidden, but is regarded by many as poor practice as it gives an unfair advantage.