MarketAxess allows Pimco to trade by its own rules

摘要

Marketaxess has granted pimco a special arrangement that allows the bond giant to limit the information it shares on the electronic trading platform and take advantage of any off-market prices, three sources with knowledge of the matter told IFR. The arrangement, which has been in place for at least three years but is largely unknown outside the close-knit dealer community, allows Pimco to block the transmission of the so-called covers for trades it executes on the platform.