Record day driven by market volatility prompting strong market volumes and notable uptake of client and algo trading
MarketAxess Holdings, the operator of a leading electronic trading platform for fixed-income securities, announced that its Rates business reported an all-time single-day record of $102.3 billion U.S. Government Bonds notional traded on April 9.
“We’re thrilled to see this growth in our client business. We’re seeing clients increasingly seek out firm sources of liquidity like Live Markets® to weather periods of market volatility like we experienced last week,” said Chris Good, Head of Rates at MarketAxess. “We’re also excited to see increased adoption of our algos in times of volatility as we continue to innovate and expand our offering with the addition of Pragma technology.”
Following the launch of an expanded algo suite for Rates, MarketAxess also plans to introduce enhanced Request for Quote (RFQ) for U.S. Government Bonds allowing dealers expanded reach through the MarketAxess client network.
For more information on MarketAxess Rates, visit: https://www.marketaxess.com/trade/rates
Source: MarketAxess
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
As Technology Evolves, Asset Managers Adapt and Innovate
https://www.marketsmedia.com/as-technology-evolves-asset-managers-adapt-and-innovate/
Citi Changes Organizational Structure
https://www.marketsmedia.com/citi-changes-organizational-structure/
SEC Charges Virtu for Disclosures Relating to Information Barriers
https://www.marketsmedia.com/sec-charges-virtu-for-disclosures-relating-to-information-barriers/
ICE Futures Singapore Partners with CoinDesk Indices
https://www.marketsmedia.com/ice-futures-singapore-partners-with-coindesk-indices/
Related articles
-
Fixed Income Clearing Corporation processed a series of record volumes last week.
-
Miguel Cota talks about the volatility in fixed income and contagion risk in global markets.
-
The fixed income market needs increased automation, connectivity and efficiency.
-
This is an important step towards providing more flexible liquidity management possibilities.
-
New capabilities and continued volatility should help drive higher market share in U.S. credit.