Originally published June 24, 2015
The firm plans to allow dealers and investors to stream live prices to counterparts whose identities are known to each other in order to provide a better trading environment, Rutter said in an interview.
“There’s an under-served part of the market such as regional dealers and smaller brokers that find it very expensive and difficult to keep up technologically with larger dealers and faster traders,” said Rutter, who was chief executive officer of ICAP’s electronic broking unit. “To compete effectively on BrokerTec or ESpeed, these smaller brokers have to make a very significant investment.”
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