E-Bond Trading 2004: Going Beyond Trade Execution

Create a vendor selection project
Click to express your interest in this report
Indication of coverage against your requirements
A subscription is required to activate this feature. Contact us for more info.
Celent have reviewed this profile and believe it to be accurate.
We are waiting for the vendor to publish their solution profile. Contact us or request the RFX.
Projects allow you to export Registered Vendor details and survey responses for analysis outside of Marsh CND. Please refer to the Marsh CND User Guide for detailed instructions.
Download Registered Vendor Survey responses as PDF
Contact vendor directly with specific questions (ie. pricing, capacity, etc)
30 March 2004


Boston, MA, USA March 30, 2004 Celent anticipates that by the end of 2007, more than 60 percent of fixed income trading will occur electronically.

After three years of intense competition, bankruptcies and consolidations, the electronic fixed income market has stabilized and is poised for a new phase. In a new report, " ," Celent examines the growth of the U.S. fixed income market as well as the key trends affecting the ongoing development of the electronic fixed income market. The report profiles five leading trading platforms in the U.S. market: TradeWeb, MarketAxess, TheMuniCenter, eSpeed, and ICAP.

According to Sang Lee, manager of Celent痴 securities and investments practice, "The e-bond market is no longer just about trade execution." Lee adds, "We expect to see increased efforts in creating a full-STP solution for the fixed income community."

In 2000, the enormous market excitement was based on unrealistic, hyped-up expectation levels and a lot of vaporware. However, this time around, market optimism is based on realistic client expectations and tangible trade volume. After a couple of years of uncertainty, it has become clear that the electronic fixed income market is here for the long haul and the real competition appears to be just beginning.

A is available online.

of Celent Communications' Institutional Securities & Investments research service can download the report electronically by clicking on the icon to the left. Non-members should contact for more information.

Send mail to with questions or comments about this Web site.