Series 7: 2.7.1.1. The Places Bonds Are Traded

2.7.1.1. The Places Bonds Are Traded

Historically, bonds were traded between dealers in an over-the-counter market. This meant that dealers kept an inventory of bonds and if they wanted to purchase a particular bond, they would get on the phone and call another dealer. If a customer wished to buy a bond, they would ask their broker to buy the b