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Strategies & Market Trends : Fidelity Funds

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From: Sr K4/5/2019 11:21:29 AM
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WSJ

Trading Firm Jane Street Challenges Wall Street

High-tech company known for its dominance of the exchange-traded fund market is pushing into corporate bond trading

By
April 5, 2019 8:46 a.m. ET

A high-tech trading firm known for its dominance of the exchange-traded fund market is pushing into territory long controlled by Wall Street banks: corporate bonds.

Investment banks and brokerages are the main go-betweens for money managers looking to buy and sell corporate bonds, about $25 billion of which trade daily in the U.S. Now, Jane Street Capital LLC, has begun offering the same service to investment firms on electronic trading platform MarketAxess and has recruited about 60 clients, people familiar with the matter...
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