Odd Lots
Episode 2: Under the Hood of the $8 Trln Corporate Bond Market
Nov 16, 2015
Chris White, creator of a Goldman Sachs bond trading platform, discusses the complexities of the $8 trillion corporate bond market. He shares insights on the resistance to change in the market, the evolution of electronic bond trading platforms, and the challenges in fostering innovation at traditional financial institutions.
20:21
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Quick takeaways
- Challenges in modernizing the $8 trillion corporate bond market due to resistance to change and size constraints.
- Importance of recognizing subjective nature of liquidity in bond market and addressing potential liquidity crises proactively.
Deep dives
Moving Towards Electronic Trading in the Bond Market
The podcast discusses the evolution of electronic trading in the corporate bond market, highlighting the challenges faced due to the market's size and lack of modernization. The guest, Chris White, a former vice president at Goldman Sachs, emphasizes the transition from human-based trading to electronic trading and the need for market modernization. He compares market stages, highlighting the complexity of trading bonds compared to stocks.
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