How BrokerTec, MarketAxess fared during Treasury rout
Electronic bond trading platforms see spike in volumes and small growth in market share, Risk.net analysis shows
BrokerTec and MarketAxess posted minor market share gains, as trade volumes for US Treasuries surged during the tariff-induced turmoil in government bond markets at the start of April.
From March 25 to April 2 when US president Donald Trump revealed his ‘Liberation Day’ tariffs, the average daily volume (ADV) across the entire US Treasury market was $1.14 trillion, according to official data. Then
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