The Difference Between Stocks and Bonds

It took 91 years for leman to launch the first bond index. The first equities are traded on the nasdak electronically, in sevety one. And it's another 30 years or 28 years before the first us Government bonds are traded. Fixed income as an assa class has been technologically neglected for decades. Only 11 % of municipal bond trading volume was executed electronically in may. That hasn't budged that level in a couple of years.