Demise of Direct Match Shows Bank Death-Grip on Treasury MarketBy and
Trading startup couldn’t gain access to key industry utility
Contrasts with ease IEX had breaking into U.S. stocks
Direct Match Holdings Inc., which aimed to be an alternative to bank dominance in the $13 trillion U.S. Treasury market, died before it arranged even one trade.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.