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Goldman Wants Traders to be More Like Dealmakers and Coders – Reuters

Full Article: Reuters

Pricing for investment-grade credit below $2 million is now completely electronic, with plans to expand, said Adam Korn, global head of securities division “strats” and technology. “If you come back in a year or two, I suspect we will have automated the $2-$5 million segment of the investment grade,” Korn said in an interview. 

Bond-Trading Bots on Verge of Becoming Masters of the Universe – Bloomberg

Full Article: Bloomberg

AllianceBernstein Holding LP has introduced a robot to execute corporate-bond trades directly with bots at dealer counterparties. The $587 billion asset manager used the system in August to complete three trades with similar digital assistants at Citigroup Inc., Morgan Stanley and Royal Bank of Canada.

Bond Market’s Data Flood Spurs New Era of Billion-Dollar Trades – Bloomberg

Full Article: Bloomberg

The quantity of information captured each day at the asset manager’s fixed-income unit has tripled in the last two years to 92 terabytes — or 92 trillion bytes. That includes active inventory, trade data, 4 million messages and direct price feeds. By comparison, scientists using the Hubble telescope to
understand the origins of the universe suck in 10 terabytes a year.