6  BIS central bankers’ speeches  High-frequency trading does not have a presence in the physical bond market while it has a modest presence in the bond futures market, growing to around 15 per cent over the past few years. That said, high-frequency trading activity in the domestic market is often concentrated around particular events, most notably the bond futures rolls.
With such background knowledge, banks should seek to set up specialised desks to provide strong guidance for SMEs to address weaknesses in their financial management, handle SMEs appraisals, loan documentation and monitoring. These processes could set very high standards for SMEs financing and help lower risks associated with the financing sector. 25.