The rise of the Finnish ICT sector has attracted a lot of attention from many countries and governments which would like to enjoy a similar positive transformation.
Seven new electronic trading venues entered the market for corporate and municipal bonds over the last two years, and several more are preparing to launch this year.15 While there is no guarantee of success for these entrants, markets will continue to evolve. Thus, it is too early to judge the ultimate impact of factors affecting fixed-income liquidity.