The new bond price distribution models will help sell-side firms deliver what clients need; this could significantly increase trading efficiency.
This initiative, driven by the ICMA, will standardise the flow of price information from sales trading desks to investment managers, making it clear how firm prices are. Having greater certainty over pricing could support greater electronification and automation of bond trading, and will also help traders to review execution quality more effectively.
Ricky Goddard, head of credit trading, EMEA for Schroders, explains what the new guides will mean for traders, in our latest review of credit trading and market events.
