Actual savings from electronic bond trading hard to quantify

Crawford, Gregory
April 2004
Pensions & Investments;4/19/2004, Vol. 32 Issue 8, p28
Electronic trading platforms, which already handle 30% of U.S. fixed-income trading, will conduct nearly 60% of all domestic bond trading by the end of 2007, a new Celent Communications study says. The U.S. fixed-income market—U.S. Treasury securities, government agency securities, mortgage-backed securities, corporate bonds and municipal bonds—has grown at a 9% compound rate since the mid-1990s, reaching more than $21 trillion last year. Activity in U.S. Treasury issues continues to dominate the U.S. fixed-income market, accounting for about 57% of daily trade volume.


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