BrokerTec Europe has become the first electronic trading platform to serve all 14 EU government bond and repo markets, following its launch of Swedish bond trading.
Alongside existing basis trading and spreads functionality, clients will be able to trade both cash and repo in government bonds in all 14 markets, on the same application.
Garry Jones, CEO and president of BrokerTec Europe says: "The growth in our EU repo business, where we now trade over €75 Billion a day (single count), demonstrates the importance our customers place on our straight-through processing capabilities and central counterparty relationships."
He adds that EU government volumes are also growing, with a recent record day of €3.6 billion and a market leading daily average German Bund volume of €1.4 billion during August.
Rival network TradeWeb, which last week added euro-denominated agency and supranational bonds to its platform, has also been reporting rising volumes in European electronic fixed income trading. TradeWeb says that European government bond trading via its platform reached €404 billion in the first eight months of this year, up from €215 billion during the whole of 2001.