NOW WATCH: Risk.net has published a confidential list of the top 10 firms ranked by volume traded on BrokerTec, an ICAP-owned trading platform for US Treasuries. BrokerTec is believed to make up 65% to 70% of interdealer market volumes and the list shows that high-frequency traders have moved in on the US Treasury bond market in a big way. The data was compiled from publicly available information provided by broker-dealers who trade with their own funds. ICAP reportedly claims that the volume of trading is overstated.
Risk.net has published a confidential list of the top 10 firms ranked by volume traded on BrokerTec, an ICAP-owned trading platform for US Treasuries. BrokerTec is believed to make up 65% to 70% of interdealer market volumes and the list shows that high-frequency traders have moved in on the US Treasury bond market in a big way. The data was compiled from publicly available information provided by broker-dealers who trade with their own funds. ICAP reportedly claims that the volume of trading is overstated.