Better analytics will help NBLP differentiation and model validation
Clients will be looking to validate the capabilities of counterparties including banks – as well as their limitations
The differentiation of business models based on risk holding periods and warehousing times will accelerate further in the non-bank liquidity provider (NBLP) space, a process that will be helped by clients having access to better analytics for assessing liquidity quality, says Paul Hamill, the global head of fixed income, currencies and commodities (Ficc) for Citadel Securities.
"Non-bank liquidity provider models vary significantly. We think these differences will become more apparent as clients
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