Muni Bond Market Is Left Behind in Move to Electronic Trading
- 11% of trading volume by par amount is executed electronically
- $4 trillion market is still ripe for automation, analyst says
This article is for subscribers only.
Municipal bonds are being left behind as other fixed-income sectors move to electronic trading.
Only about 11% of muni bond trading volume was executed electronically in May, a share that hasn’t moved in the past three years, according to an estimate last month from Coalition Greenwich, a financial services industry analytics firm.