Between November last year and January , four new fixed income trading platforms entered the market . However , the surge in new trading venues is causing a " liquidity crisis " in global bond markets . Despite an increase in volume and overall turnover , the bond market has seen a decrease in ratio turnover , according to a report published by the International Capital Market Association . However , the report suggests this presents an opportunity for buy - in firms to act as " price makers " rather than " price takers " .
Between November last year and January, 14 new fixed income trading platforms joined the market. However, the surge in new bond venues is causing a "liquidity drought" in global bond markets. Despite an increase in size and overall turnover, the bond market has seen a decrease in ratio turnover, according to a report published by the International Capital Market Association. However, the report suggests this presents an opportunity for buy-side firms to act as "price makers" rather than "price takers".