As bond e-trading takes off, debt sales business may be ripe for automation
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LONDON (Reuters) - With banks' bond trading desks increasingly going electronic, another of the last bastions of old-school banking - the business of helping companies and countries raise capital - may be about to succumb to the tide of technology. A clutch of start-ups want to disrupt the cosy world of syndicated debt sales, where borrowers enlist banks' help to raise capital from investors, by using new technology to shake up the sector."There is a lot of money spent on mundane work like data..