The electronic trade platforms lower search costs by improving the ability of market participants to more quickly determine the range of prices at which they could potentially execute a trade, and to more quickly and easily identify a counterparty offering attractive terms. The NDS-OM, NDS-Call, CROMS are the landmark innovations in the space of OTC fixed income and money market.
  Fourth, the Bank had brought in grater transparency through increased dissemination of price and volume information of the OTC trades. The price and volume data enhances the ability of counterparties and other potential creditors to manage their exposure risks.