Celent consulting report hails the exchange model
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Pierron said the distinction between the interdealer community and dealer-to-client community is already being attacked. This is demonstrated by the two major interdealer platforms, EBS and Reuters, opening up to attract profitable new nonbank customers.
"By opening up to the lucrative buy side, customers such as hedge funds, EBS and Reuters will eventually become exchanges too," said Pierron. "This process will take less than 10 years."
A spokesperson for EBS in London, the platform most
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