Sandboxers in the dollar bond market

Flash Boys at Jump Trading Set Their Sights on the Credit Market

As recently as two weeks ago, Jump executives reached out to an electronic bond-trading system to ask for data on average trade size and liquidity as it evaluates its move to become a market-maker, according to two of the people. Jump has been considering its move into bonds for several months, one person said.
Boyer is expected to join Jump in early 2020, the person said.
Advances in machine learning, data management and the continued adoption of electronic trading in the corporate bond market are making it easier to sift huge amounts of information that in some cases is allowing firms to derive prices using software instead of traders. That means firms like Jump, which has invested heavily to become one of the fastest traders on the planet, can now envision entering a market that for decades was ruled by banks and conducted by telephone.

These folks are auto pricing, likely using the optimum queue matching algorithm, the one described to the right, somewhere,  on this blog.  They are dominant, a sudden big players, making billions. I missed my chance, darn.  The revolution is ongoing, being implemented and becoming active.