FLEXTRADE INSIGHTS
Digital Paper: The Evolving Role of the EMS and Bilateral Streaming in US Rates Trading
The $28 trillion US Treasury market is undergoing a transformation. Through electronic trading, more asset managers seek access to new protocols and tighter prices from dealers.
This whitepaper examines the history of the market structure for US rates trading to better understand how the market is evolving with new participants, protocols and venues.
Take a deep dive into US government bond trading to discover how bilateral trading in US rates has evolved—and where it’s headed.
Industry Segment Deep Dive
The Evolution of Rates Trading
| What’s driving the rise of principal trading firms as major liquidity providers in the D2D venues? | |
|---|---|
| How have protocols evolved in the D2D and D2C markets? | |
| In what ways are SDPs using APIs to tailor liquidity to their buy side clients? | |
| What is the role of the EMS in aggregating bilateral streams direct to the buy side? |
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