
US Treasury Dealers Accused of Collusion By Big Investors – FT
November 16, 2017 \
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Full Article: Financial Times
A group of 17 US public pension funds and insurers have filed a lawsuit in New York alleging that their access to some electronic trading venues in the world’s biggest government bond market was blocked by a group of banks.
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4 Comments on "US Treasury Dealers Accused of Collusion By Big Investors – FT"
Regarding the auction complaint, the behavioral change raises a red flag. Regarding collusion, the structure of the bifurcated market arguably benefitted the buy side. Dealers regularly provided their clients with better liquidity at the moment than the dealers themselves enjoyed. They placed their capital at risk and delivered an immediacy of trade to their clients.
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