像Blackrock和Goldman Sachs集团这样的机构在他们试图运行企业债券交易的电子平台的尝试中已经出现短暂。Marketaxess Holdings赢得了增加的利润,但绝大多数潜在的流动性仍然是抓住,而13岁的创始人兼首席执行官占地面积,以13岁买边的娱乐池液体网络,正在瞄准它。In March, New York–based Liquidnet Holdings announced its acquisition of Vega-Chi, which launched Europe’s first multilateral trading facility for convertible bonds in 2010, adding European and U.S. high yields in 2012. With that technology, Merrin envisions “building out the largest institutional-sized liquidity pool dedicated to corporate bonds.” Liquidnet’s 740 member firms, he notes, “own 85 percent of the corporate bonds in the U.S. and Europe. They will come together to create a marketplace for bonds.” A serial entrepreneur, Merrin, 54, founded Merrin Financial, which introduced buy-side order management systems in the 1980s, and co-founded application-integration-software company VIE Systems in the 1990s. He is enhancing Liquidnet in other ways, notably with liquidity and transparency controls that have “systematized our clients’ access and [data] preferences.” In June, however, the Securities and Exchange Commission cited Liquidnet for shoddy information practices and penalized the firm $2 million. In April, Bob Garrett, formerly head of equity trading and prime services technology at Wells Fargo Securities, assumed the newly created position of head of technology.
2014年技术50