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Three years after DirectBooks, US bond market still phoning it in

Three years after DirectBooks, US bond market still phoning it in
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United States , Shankar Ramakrishnan , Daniel Botoff , Chris Sztam , Spencer Lee , Wells Fargo , Morgan Stanley , Statestreet Charles River Development , Goldman Sachs , Deutsche Bank , Wall Street , Charles River Development , Anna Driver ,

Three years after DirectBooks, US bond market still phoning it in

Wall Street s three-year effort to
modernize the way billions of dollars of new corporate bonds are
sold via phone, chat message or email, is making slow progress.
Broad adoption of the. ....

United States , Shankar Ramakrishnan , Chris Sztam , Spencer Lee , Daniel Botoff , Deutsche Bank , Statestreet Charles River Development , Goldman Sachs , Morgan Stanley , Wells Fargo , Charles River Development , Anna Driver ,

Analysis-Three years after DirectBooks, US bond market still phoning it in

Wall Street's three-year effort to modernize the way billions of dollars of new corporate bonds are sold via phone, chat message or email, is making slow progress. Broad adoption of the fintech communications platform backed by big banks called DirectBooks has so far been stymied by worries about the cost of maintaining the technology and other tech hurdles. Changing an organization's behavior is difficult and takes sustained effort, said DirectBooks CEO Rich Kerschner. ....

United States , Spencer Lee , Shankar Ramakrishnan , Chris Sztam , Daniel Botoff , Goldman Sachs , Wells Fargo , Deutsche Bank , Morgan Stanley , Statestreet Charles River Development , Charles River Development , Anna Driver , Corporate Bonds , Ich Kerschner , Administrative Process , Primary Markets ,