Bond Market Overhaul Requires Patience for Tradeweb CEO
This article is for subscribers only.
Even the man behind the latest attempt to change how Wall Street trades corporate bonds concedes it will take time.
Tradeweb Markets LLC said yesterday that its customers can buy and sell investment grade U.S. company debt on its platform starting today, joining other firms trying to bring the business into the computer age. Only about 15 percent of trading happens electronically, with the rest occurring directly among humans, said Tradeweb Chief Executive Officer Lee Olesky.