Dark pools and platforms vie to fix credit markets

A side-effect of tough bank capital rules could be the rise of dark pools for credit trading

risk-0415-credit-trading-dark-pool-app
Crossover: some participants believe the answer may lie in combining dark pools with the concept of session-based trading

As 2014 drew to a close, a multi-strategy hedge fund in the US mid-west was puzzling over the performance of its credit strategies. The firm had been deeply pessimistic about credit markets for some time, and told its clients as much in a series of gloomy investor letters. Despite this, its credit strategies were consistently beating expectations. Now, some of its investors wanted to know why.

"We were scratching our heads," says a partner at the firm. "We eventually realised we had slipped into

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: