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Skeptics Who Mocked Secondary Muni Algo Trading Won’t Be Laughing as Primary Advances Aggressively
Disclaimer: The views expressed here are my own and do not necessarily represent the views of Munichain, its partners, or its clients. In 2016, a muni trader told me electronic muni trading was a lost cause. That call didn’t age well. For years, the municipal bond market’s primary issuance process has leaned heavily on habit
By Matthew Gerstenfeld