Liquidnet has said that 120 US firms have signed up to the corporate bond trading dark pool, that it plans to launch at the end of September, double the amount it targeted. Electronic trading platforms are rushing to fill the gap in the over-the-counter debt market that was long dominated by big banks, which have scaled back their bond dealing in response to post-crisis rules that make such activity more expensive. The company is also looking for a new CEO and says its board will meet on Monday in New York City to discuss succession plans.
Liquidnet has said that 120 US firms have signed up to the corporate bond trading dark pool, that it plans to launch at the end of September, double the amount it targeted. The company is also looking for a new CEO and says its board will meet on Monday in New York City to discuss succession plans.