Single-dealer e-trading of fixed income on the rise

  Electronic trading of cash bonds and credit default swaps is not new to Asia, but dealers are increasingly rolling out platforms that allow investors to trade with each other without the need for market-makers. These platforms allow buy-side clients to broadcast offers and seek liquidity anonymously, as they can in dark pools for equities, but some on the buy-side have expressed reservations about such offerings. As much as 70% of fixed income e-trading in Asia takes place o…