12 December 2017
visit www.aciworldwide.com

LiquidityEdge begins off-the-run US Treasuries trading with Barclays and Credit Suisse

07 November 2017  |  2180 views  |  0 Source: LiquidityEdge

Electronic US Treasuries (UST) trading venue LiquidityEdge has launched the market’s first ever fully electronic aggregated streaming service for off-the-run USTs.

Three primary dealers including Barclays and Credit Suisse have signed up as liquidity providers and are actively streaming prices on the platform.

Participants can continue to trade on-the-run USTs from the same platform with additional liquidity providers, tackling the bifurcation that has traditionally fragmented the two markets.

The new off-the-runs service on LiquidityEdge offers bilateral, customisable peer-to-peer executable streaming prices on a fully disclosed basis, delivering uninterrupted access to off-the-run liquidity across the curve throughout the trading day

Since launching in September 2015, LiquidityEdge has rapidly grown its UST market share as the market structure continues to evolve. Dealers and customers alike are embracing the new distribution options provided by LiquidityEdge.

A diverse and continually growing community of over 100 institutions including primary dealers, regional dealers, professional trading groups and buy-side clients now trade across the entire Treasury curve on a daily basis on LiquidityEdge’s platform.

Nichola Hunter, COO of LiquidityEdge, comments: “We recognise the role innovative technology can play in helping improve the distribution options in off-the-run US Treasury liquidity. Building on our success in on-the-run Treasuries our network of participants can now access off-the-run liquidity from three of the largest banks in the world and be confident they are executing in a fair and efficient relationship-based electronic trading environment. By facilitating access to both on-the-runs and off-the-runs on the same screen, we are offering participants a direct solution to the challenge they face in attempting to access multiple fragmented pools of liquidity.”

Chris Conetta, Head of US Rates Cash Trading at Barclays, comments: “We are delighted to be one of the first providers of off-the-run liquidity on LiquidityEdge. We are pleased to be playing a part in helping stimulate trading activity and improve efficiency in the market as a whole by offering fully executable off-the-run streaming prices to our customers via the LiquidityEdge platform.”

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related company information

Credit Suisse

Related blogs

Create a blog about this story (membership required)
visit www.solutions.lexisnexis.comvisit www.atos.netvisit www.aciworldwide.com

Top topics

Most viewed Most shared
Saxo Bank's 'Outrageous Prediction': Bitcoin to peak at $60k next year before spectacular crashSaxo Bank's 'Outrageous Prediction': Bitco...
11741 views comments | 7 tweets | 7 linkedin
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
8543 views comments | 15 tweets | 21 linkedin
Santander UK poaches Barclays innovation chief Michael HarteSantander UK poaches Barclays innovation c...
7026 views comments | 8 tweets | 17 linkedin
Alior Bank to use Open API platform and accelerator to create fintech marketplaceAlior Bank to use Open API platform and ac...
6688 views comments | 19 tweets | 11 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
6324 views comments | 17 tweets | 35 linkedin

Featured job

Find your next job