iLex brings the private debt market into the electronic age
6 December 2021
Over 40% of fixed income trading by notional value is now conducted electronically but according to Bertrand Billon, founder and CEO of Singapore based iLex, the equivalent figure for the private debt sector is close to zero.
Billon aims to change this by moving the private debt and syndicated loan markets into the electronic age.
“Our ambition is to bring electronic trading in the loan markets to 15-20% within the next five or 10 years,” he tells Capital.com over a video call from Singapore.