The interdealer broker and provider of market infrastructure, data and analytics provider details how its new SEC-regulated ATS for structured notes will tackle market fragmentation, increase transparency and bring bond-style electronic liquidity to the US secondary market.
Following the launch earlier this week of the first SEC-regulated electronic secondary market specifically dedicated to structured notes, SRP spoke with Robert Romano ( pictured ), head of structured products Americas, private wealth networks, about the rationale behind the new Alternative Trading System (ATS) and the market challenges it aims to address. The US secondary market for structured notes is largely bilateral, with investors typically required to return to the original issuer or dis