$1 billion credit portfolio and ETF trades, once a relative rarity, are becoming commonplace at Wall Street's top banks.
Bank of America, a leading player in the space, says it has been applying approaches to execute bond ETF trades more and more to other types of trades.
Upgrades and investments in technology, along with an embrace from large asset managers, has made the process of pricing up and executing hundreds of bonds at a time quicker and cheaper.
The bank in July launched a centralized...
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