All-to-all’s well that ends well?
There are clearly differing views regarding the emergence of all-to-all trading.
On one hand, MarketAxess views the introduction of Open Trading as an augmentation of the trading process. Recent comments by JP Morgan suggest that all-to-all trading poses a competitive threat to banks’ trading floors. In our next whitepaper, valantic FSA discusses all-to-all trading, as well as other e-trading trends. Are the lines blurring between D2D and D2C markets or is this already a reality that other D2C venues plan to implement? Look out for our upcoming white paper to understand the valantic FSA view.