Top Six Banks Spend $26 Billion In Total On Technology

Technological prowess is becoming a powerful point of differentiation for participants in the US government bond markets. As the costs to drive a successful trading business in the niche have grown to significant proportions, a window is opening for smaller niche players, however, as the human touch is still required to succeed. [dalio] As the US Federal Reserve begins to execute its gentle withdrawal from quantitative easing, starting by simply not re-investing a portion of the interest income it generates from its $4.47 trillion US government bond holdings, the underlying structure of the bond market has experienced significant change. In…