New Landscape in U.S. Treasury Trading Benefits the Buy Side

LiquidityEdge stands out as the most notable new entrant, looking to connect liquidity providers to liquidity takers via bilateral, direct pricing streams. While a dealer could send a pricing stream directly to the order management system (OMS) of a client, managing separate connections with each client is time consuming and expensive. LiquidityEdge hopes to act as the conduit for these streams, giving liquidity makers and takers direct access to one another via a single platform.