3 Aug 2018 A shift toward automated trading of corporate bonds has been unfolding of the corporate bond market is currently traded electronically when  On any given day in the U.S. corporate bond market, roughly 70% of the trades executed are for 100 bonds or fewer (equivalent to $100,000 or less). Greenwich Associates data shows that the vast majority of these trades—over 90%—are now done on electronic trading platforms.

This Market Note examines publicly available trade data to break down recent developments with U.S. corporate bond trading and assess the current state of the electronic transformation occurring The rise of electronic trading platforms. Algorithmic trading (automation solutions) Portfolio trading. The US corporate bond market continues to increase in size and trading volume - primarily driven by investment grade market activity. Portfolio trading within US credit has exploded over the past year as major trading platforms and dealers In talking to the major electronic corporate bond venues about the ongoing evolution of the market, Jenkins says they pinpointed four key indicators about the future of the US corporate bond market: there are several drivers in the movement to an electronic venue by the buy side; venues are beginning to see basket, or portfolio, trading; best That comes as BlackRock, the world’s largest asset manager, seeks sweeping changes in bond trading, including electronic trading platforms and quarterly debt issuance by companies, while pushing banks to take a leadership role. “We have been in discussions about standardising bond issuance with US Electronic Trading of IG Corporate Bonds (% of Total IG Market Volume)1 Key Market Trends/Developments • Market participants have expressed greater interest in electronic trading solutions as a means to broaden trade execution capabilities and help reduce market frictions: ‒ Electronic trading of IG bonds in the US is estimated to be ~20%

This Market Note examines publicly available trade data to break down recent developments with U.S. corporate bond trading and assess the current state of the electronic transformation occurring

In talking to the major electronic corporate bond venues about the ongoing evolution of the market, Jenkins says they pinpointed four key indicators about the future of the US corporate bond market: there are several drivers in the movement to an electronic venue by the buy side; venues are beginning to see basket, or portfolio, trading; best That comes as BlackRock, the world’s largest asset manager, seeks sweeping changes in bond trading, including electronic trading platforms and quarterly debt issuance by companies, while pushing banks to take a leadership role. “We have been in discussions about standardising bond issuance with US Electronic Trading of IG Corporate Bonds (% of Total IG Market Volume)1 Key Market Trends/Developments • Market participants have expressed greater interest in electronic trading solutions as a means to broaden trade execution capabilities and help reduce market frictions: ‒ Electronic trading of IG bonds in the US is estimated to be ~20% MTS Bonds.com, previously known as BondsPro, is an electronic trading platform that offers access to liquidity and real-time execution on its anonymous, all-to-all order book. It supports USD and a wide range of non-USD denominated corporate bonds and emerging market debt. Electronic trading platform: A2A: Dealers, institutional investors: MTS Electronic bond platform MarketAxess saw $1.3 trillion worth of trading globally in 2016, up 34% from the previous year. In February 2017, the firm hired ex-Axa Investment securities financing chief Christophe Roupie as head of Europe and Asia.

Electronic bond platform MarketAxess saw $1.3 trillion worth of trading globally in 2016, up 34% from the previous year. In February 2017, the firm hired ex-Axa Investment securities financing chief Christophe Roupie as head of Europe and Asia.

Electronic Corporate Bond Trading at the Crossroads By Ivy Schmerken The conversation in electronic corporate bond trading has shifted away from focusing strictly on liquidity to gathering data and analyzing relative bond pricing. The US corporate bond market continues to increase in size and trading volume - primarily driven by investment grade market activity. Portfolio trading within US credit has exploded over the past Electronic trading platforms for corporate bonds face consolidation in the US despite a surge in trading volumes executed in 2018, new research suggests. A report from Greenwich Associates has said that electronic trading levels increased to 26% of the total US corporate bond trading volumes in the third quarter last year, up from just 19% in the first quarter. Electronic trading in the $8 trillion U.S. corporate-bond market is beginning to heat up. In January, TruMid Financial LLC, a bond-trading startup backed by billionaires Peter Thiel and George Soros, recorded its best month ever with over $2 billion in volume, more than double the same period in 2017. Electronic trading is gaining traction in the U.S. corporate bond market as investors seek liquidity amid a pullback from the biggest dealers of the debt. The share of investment-grade notes that trade electronically has doubled in two years and now makes up 20 percent The corporate bond market is electronifying faster than electronic trading volumes are growing. In other words, total notional volume executed via the screen underestimates the impact of technology innovation on the ecosystem.

Electronic trading in the $8 trillion U.S. corporate-bond market is beginning to heat up. In January, TruMid Financial LLC, a bond-trading startup backed by billionaires Peter Thiel and George Soros, recorded its best month ever with over $2 billion in volume, more than double the same period in 2017.

Electronic Corporate Bond Trading at the Crossroads By Ivy Schmerken The conversation in electronic corporate bond trading has shifted away from focusing strictly on liquidity to gathering data and analyzing relative bond pricing.

Figure 1: Number of Unique Corporate Bonds Traded in Secondary Market We understand that even on the electronic trading platforms, buyers and sellers do 

24 Jul 2019 middlemen to buy and sell bonds directly on electronic platforms. a third of corporate bond volume is traded electronically today shows you 

The Rise of Electronic Trading. Around twenty percent of investment grade corporate bond volume trades electronically, with orders under $1 million now rarely  Today, it is the market leader in the electronic trading of US corporate bonds, with 85% of investment-grade and 84% of high-yield debt traded electronically on  Figure 1: Number of Unique Corporate Bonds Traded in Secondary Market We understand that even on the electronic trading platforms, buyers and sellers do  We believe the secondary trading environment for corporate bonds today is Adoption of multiple electronic trading (e-trading) protocols – not just request.