~~~ Bond pricing has long been a problem for individual investors who typically trade small numbers of bonds. They generally pay higher prices than institutional investors trading hundreds or thousands of the same bonds. That is changing, though, as firms like Fidelity Investments and ZionsDirect use technology originally built for institutions and which effectively allows individuals to trade alongside pros at the same prices.“`
The ultimate “dark pools” are fixed income markets… I hope Fido and Zions are not telling retail investors that they are getting the same access to pricing that institutions are… more on this to come…