Tighter Spreads and Bigger Trades: Electronic Trading Gains Momentum in Convertible Bonds
November 14, 2024
Convertible bond trading is going electronic—at least partially.
At first glance, convertible bonds might not seem like a perfect fit for electronic trading. Relative to products like equities, U.S. Treasuries and even traditional corporate bonds, “converts” are much more varied and complicated in structure, and considerably less liquid.