Vdp exerts mandate pressure for electronic switch

The Association of German Pfandbrief Banks (vdp) is understood to be putting its weight behind calls for the introduction of an electronic trading system with an initiative of its own, and some market-makers are said to have already indicated a willingness to go ahead with such a plan, with the pay-back that they would be set to be rewarded with the lion’s share of mandates were the move to go ahead.