>Unlike the stock market, the bond market doesn’t have a centralized system where traders can plainly see the fees involved in the trade. This means traders have to ask each bank, one by one, either by phone or electronically, what they are willing to sell a Treasury bond for.
Mind. Blown. I always just vaguely figured that something as large as fixed income / debt markets, which look to be at least twice as large as equity markets[1], would have massive incentives for fintech to innovate much earlier.
Mind. Blown. I always just vaguely figured that something as large as fixed income / debt markets, which look to be at least twice as large as equity markets[1], would have massive incentives for fintech to innovate much earlier.
[1] http://finance.zacks.com/bond-market-size-vs-stock-market-si...