Electronic US Treasuries Market Evolution: Looking Ahead to 2017

2016 was a year of change for electronic trading in the US Treasuries market. A number of innovative alternatives to incumbent electronic venues were launched, some closed, some grew, and some have still yet to make it off the whiteboard. What is clear is that the marketplace is more diverse than ever, as post-crisis regulatory reform has led to a steady decrease in banks’ market making activities and non-bank firms have stepped in to fill their shoes.