Treasury traders remain wary about adopting algos
Yet proponents insist US government bond market is ‘ready for disruption’
Every day, decisions about when, where and how to trade billions of dollars of assets are delegated to client execution algorithms, which have become common features of the equities, futures and foreign exchange markets.
Yet in the $614 billion-a-day Treasuries market, the large dealers that dominate dealer-to-client trading have shown little interest in building these algos out.
Nevertheless
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