Hardman & Co. RETAIL BOND REVIEW No. 9
​Using data from the London Stock Exchange we update our liquidity analysis from two years ago. Overall liquidity remains good and retail participation is strong. However the strong trends that were evident in 2013 are now absent and the market appears to be in more of a business as usual state. Against our expectations, volumes on the electronic order book have not grown and it remains a small, but important, part of ORB.
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