Bloomberg bids to drag ABS trading out of the dark ages
Bloomberg is trying to drag European ABS trading into the digital age, signing up several banks to start providing quotes on its ALLQ system for core, prime European ABS asset classes. Some dealers, though, struggle to see the benefit.
A move to electronic trading would bring securitization into line with other credit products, potentially broadening the appeal of the market to a much wider set of investors and giving it a big shot in the arm.
But some see the move as unnecessary, given the slower pace
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