Bloomberg discusses a recent report published by Greenwich Associates examining the need for and role of technology in the fixed-income market. Bloomberg notes how tech startups like Numerix have increasingly sold their services, such as monitoring electronic bond-trading systems and providing market analytics, to larger firms. And smaller brokers that have moved quickly to adopt electronic tools to automatically hedge and execute trades more quickly and more cheaply have grabbed share, especially from the mid-tier firms that haven’t been as swift to adapt.