Why Electronic Junk-Bond Trading Is Surging

The video discusses the evolution of electronic trading in the fixed income market, highlighting the shift from traditional dealer-client models to all-to-all market solutions. The COVID-19 pandemic accelerated this change, leading to increased market share and liquidity. The benefits of electronic trading include tighter spreads and significant cost savings for clients. The growth of ETFs is also driving electronic adoption. The changes are expected to be lasting, with increased market velocity and new trading strategies emerging.

In what ways has electronic trading impacted trading strategies in the market?

What role do ETFs play in the evolution of fixed income markets as mentioned in the text?