Dollars and Jens
Saturday, November 06, 2004
market design and fragility
This is like South Park; I find it funny, but I feel bad for doing so.
Turnover on EuroMTS, the pan-European platform for trading eurozone government bonds, has fallen sharply since Citigroup shook the market by selling €11bn of debt in less than two minutes in August. The US bank's actions severely disrupted the market and raised questions about its structure.

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