TY - JOUR T1 - Does Trading in a Competitive Framework across Multiple Venues in Fixed-Income Markets Add Value? JF - The Journal of Trading SP - 81 LP - 86 DO - 10.3905/jot.2013.8.4.081 VL - 8 IS - 4 AU - Jason Lenzo AU - William Skimming AU - Ashley Grissom AU - Brandon Rasmussen Y1 - 2013/09/30 UR - https://pm-research.com/content/8/4/81.abstract N2 - How does the price received from a single dealer on a trade compare with the price received in a competitive bid–offer process, regardless of the specific dealer’s motivation? During the course of our own trading over multiple years, we have collected data that captures a variety of trade attributes. From this data library, we can analyze the outcomes that clients might reasonably expect to achieve under comparable circumstances. Importantly, we can provide a quantitative answer to the question of how much better or worse off a client might have been had they traded with only a single dealer instead of multiple dealers.TOPICS: Security analysis and valuation, statistical methods ER -