Stricter capital requirements imposed in the wake of the 2008 financial crisis have made it more expensive for banks to act as market makers in corporate bonds, making it harder for asset managers to trade.The US Congress and political system suffer a cash crunch very cycle resulting in a recession. The senators decided that the private banks should backstop the senators before the senators fuck up badly.
Trumid, which acquired competitor Electronifie earlier this year, hopes to facilitate trading by enabling asset managers and brokers to transact directly and anonymously with one another on its platform.
The company plans to expand into Europe to extend its offering to its 350 institutional clients, many of which operate globally, one of the sources said.
The better solution is the one we have, just put Goldman-Sachs in charge of the senate. Give the senators an inside trading venue, then Goldman-Sachs can let them have a piece of the rigged game and we can avoid the presidential recession cycle.
This problem goes away in the sandbox. The sandbox has no special recognition of government, and thus capital does not exists. hat the sandbox has are liquidity events that are large and rare, no problem. The concept of capital and central banking go together, can't have one without the other.
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