Home » Market Structure » Bloomberg SEF completes first sponsored access trade

Bloomberg SEF completes first sponsored access trade

Bloomberg, Finextra, Bloomberg SEF completes first sponsored access trade, here.

Asset manager NISA Investment Advisors, LLC (NISA), supported by its futures commission merchant Credit Suisse Securities (USA) LLC (Credit Suisse), executed the first-ever sponsored access trade with Goldman Sachs on Bloomberg’s SEF.

Bloomberg’s sponsored access functionality enables futures commission merchants to provide execution services that allow customers to directly access Bloomberg’s SEF, helping to facilitate the regulatory transition for buy-side firms as they comply with CFTC mandates.

John Cochrane, The Grumpy Economist, Mooconomics, here.

An Economist article and Alex Tabarrok in a Marginal Revolution blog post weigh in on the future and economic structure of moocs (massively open online classes).

A few thoughts on this question, based on my experience teaching a Coursera mooc last fall. (This was supposed to be a short post, and grew out of control. Oh well.)

Yes, moocs potentially upend the fundamental economic structure of teaching. Teaching had been a high marginal cost business. Moocs are a nearly zero marginal cost business.

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