Intermediaries provide something else that electronic brokers cannot: price improvement.
Now, after several years of price improvements for the finest lamps, the quickened activity in Tiffany sales can no longer be ignored.
The price improvement was an unusual development right before the start of the Treasury's quarterly refunding auctions.
This is often a price improvement offered on top of the otherwise computed rate.
Yesterday's price improvement was not limited to the bellwether 30-year bond.
Exchanges claim that the procedure benefits all traders by creating more market liquidity and the opportunity for price improvement.
The price improvement was the first in six trading sessions.
The first concerns the issue of price improvement.
However, traders looking to get out of long positions took advantage of early price improvement before sending the market lower.
Full details of the price improvements can be found on the Azure blog.