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Once the future, MTFs are now fading into the ghosts of big banks’ past
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Big banks like UBS have one. Then Goldman Sachs and Morgan Stanley and even Bloomberg got in on the act, trading everything from bonds and repos to credit default and interest rate swaps.
These multilateral trading facilities were on everyone's lips when they were introduced under the first MiFID. Seen as an alternative to mainstream exchanges, they were the future once.
The...
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