Record $11.3 billion traded on BondLend NGT
27 June 2018 New York
Image: Shutterstock
A record notional volume of $11.3 billion was traded on BondLend NGT on 22 June.
According to BondLend, the company has continued to see “increased trading on BondLend NGT as more US Treasury flow comes on to the platform”.
Usage of NGT Targeted Availability has risen as regulations such as the Second Markets in Financial Instruments Directive, and the Securities Financing Transactions Regulation encourage participants to move more volume on to trading venues.
The amount is for fixed income securities only, as equities are traded on EquiLend NGT.
The daily notional traded on both EquiLend and BondLend NGT combined averages $39 billion total traded each day, according to BondLend.
According to BondLend, the company has continued to see “increased trading on BondLend NGT as more US Treasury flow comes on to the platform”.
Usage of NGT Targeted Availability has risen as regulations such as the Second Markets in Financial Instruments Directive, and the Securities Financing Transactions Regulation encourage participants to move more volume on to trading venues.
The amount is for fixed income securities only, as equities are traded on EquiLend NGT.
The daily notional traded on both EquiLend and BondLend NGT combined averages $39 billion total traded each day, according to BondLend.
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