Boston, MA, USA,
December 14, 2000
Online Bond Trading: If You Build It, Will They
Come?
Report Published
by Celent
In a new report entitled "Online
Bond Trading: If You Build It, They Will Come?" Celent
Communications examines the rapidly evolving US online bond trading
market.
With the introduction of online bond
trading, the once neglected US bond market is suddenly the hottest topic
on Wall Street. The online bond trading market has grown exponentially,
with over 75 online bond trading systems currently competing for market
share.
According to Sang
Lee, the author of the report, "There are too many players
chasing too little liquidity at this point. Those firms without a proven
source of liquidity will have a difficult time surviving in this
over-crowded market in the long run." He goes onto add that, "In
terms of trading volume, we expect to see a steady, but robust increase in
the percentage of bond trading occurring via the Internet in the next
three years, reaching close to 25 percent by 2003. "
The report provides a comprehensive
overview of the US bond market and some of the barriers that online bond
trading systems face as they try to attract enough liquidity to build
market confidence in their services. Different types of online bond
trading systems are also discussed with emphasis on strengths and
weaknesses of each.
A Table of
Contents is available online.
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