Muni Market Faces Electronic Evolution
| Tradeweb Direct
Rob Daly of Markets Media reports on the growing use of automated trading in the municipal bond markets. John Cahalane, Managing Director at Tradeweb Direct highlights the involvement of traders in this process, commenting that many firms that execute trades this way have experienced traders looking at the prices suggested by their algorithms before responding. While this changes the way municipal bonds were traded historically, Cahalane agrees that automated trading brings increased liquidity to this market.