Electronic US Treasuries (UST) trading venue, LiquidityEdge, has reported record trading volumes during May 2019.
The platform saw record volumes for the second time this year, with average daily volumes (ADV) rising to 16.35 billion (single count) across both on-the-runs and off-the-runs in May 2019.
Since launching in 2015, LiquidityEdge has rapidly grown its US Treasuries market share and volumes, firmly establishing itself as an alternative platform for fixed income trading. With over 100 clients on the platform, the surge in activity shows the benefits of the directed, disclosed model championed by LiquidityEdge.
Bryan Farrell, Head of Sales at LiquidityEdge, says: “Sustaining the current pace of growth is no easy task in the highly competitive UST environment but the LiquidityEdge team continues to break new ground. May’s numbers demonstrate our customers’ continued confidence in the platform, the execution model and of course the LiquidityEdge team”.
With market share on the rise, LiquidityEdge is strengthening its senior team with the appointment of former R3 legal lead, Lauren Carroll, joining as Chief Administrative Officer and General Counsel.
Carroll will lead legal and regulatory affairs strategy to help LiquidityEdge navigate the UST landscape.
Lauren was part of the team that launched LiquidityEdge and she then went on to a successful tenure as Chief Administrative Officer and General Counsel at R3.
LiquidityEdge CEO, Nichola Hunter, says: “We are delighted to welcome Lauren back to the team. We are experiencing significant demand from users and, as a result, huge growth in traded volumes. Lauren brings a wealth of experience and insight to the team.”
Carroll says: “LiquidityEdge offers a new model and alternative venue for trading fixed income products. Their growth story is impressive and I look forward to supporting the team in the next phase of its growth.”
