Automating fixed income in Asia

While the equities world in Asia has benefited from a sustained, widespread industry drive toward automation and straight-through processing (STP) of trades, fixed income has largely remained very manual. Until recently this was acceptable because the Asian bond universe was relatively small, and only affected niche players in a significant way. The market has changed, however, since the 2008 global financial crisis. First, the region has experienced rapid growth in government and…