During the mid/late-90s, electronic trading networks eSpeed (acquired by NASDAQ) and BrokerTec (acquired by NEX, which was then acquired by CME) rolled out central order limit booking (CLOB) for the inter-dealer trading of US Treasuries. Today, more than 80% of dealer-to-dealer Treasury volumes are electronic, the overwhelming majority of which is executed via CLOB.The dealer-to-client […]
Tag Archives: market infrastructure
[SSD] Simpson Manufacturing
what did Warren Buffett see in Simpson Manufacturing?
The next time you find yourself at the site of a half-built home, direct your [...]
Continue reading →[WISE] Wise plc
Wise and the business of cross-border transfers: part 2
Related post:Wise and the business of cross-border transfers: part 1I concluded part 1 describing how, [...]
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Continue reading →[WISE] Wise plc
Wise and the business of cross-border transfers: part 1
Every year, consumers the world over move ~£2tn across borders, with roughly 2/3s of that [...]
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Continue reading →[AEP.V] Atlas Engineered Products
[AEP.V] Atlas Engineered Products
(taking a break from building products after this. Up next: a 2-parter on Wise)In part [...]
Continue reading →[BLDR] Builders FirstSource
Building materials: part 3a (BLDR, AEP.V)
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