Bond Trading Needs a More Thorough Review, SEC Official Says
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Large investors including BlackRock Inc. have criticized the structure of the U.S. bond market in recent years. Even the market’s regulator says trading needs to be reviewed better.
“We spend a lot of time on equities, when there is a greater amount of efficiency,” Stephen Luparello, the Securities and Exchange Commission’s director of trading and markets, said Tuesday at a Investment Company Institute conference in New York. “We spend less time on fixed income, when there is a greater amount of inefficiency.”