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LiquidityEdge Sees Customer Numbers, Volumes Grow

LiquidityEdge, a new electronic platform for the US
Treasuries market has signed up over 60 customers since it commenced live
trading in early August, with interest in the platform, and volumes traded,
continuing to grow. The platform is built on the same underlying technology as FX
technology provider Currenex.

Using peer-to-peer trading between a network of
counterparties, trading on LiquidityEdge reduces information leakage and
subsequent market impact is kept to a minimum. The company says that customers
have the ability to trade on prices provided over a continuous stream, matched
with opposing resting orders, or through RFQ requests to a chosen group of
liquidity providers simultaneously.

Nichola Hunter COO of LiquidityEdge says: “We have
built the platform on proven and award-winning Currenex technology, widely used
in the FX market to ensure robust performance and efficient market access for
new entrants. Our trading network includes a trusted community of primary and
regional dealers as well as professional trading groups, and we are delighted
with the pace at which we are building liquidity.”

Bryan Farrell, head of sales at LiquidityEdge,
comments: “We saw an opportunity to provide an alternative for market
participants that had become frustrated with the deterioration in the quality
of execution on anonymous trading venues, by offering access to a private and
trusted network of known liquidity providers and non-bank counterparties
alike.”

Ryan Sheftel, head of fixed income at Global
Trading Systems, adds “We are pleased to be a founding liquidity provider on
LiquidityEdge and look forward to partnering with them to offer a
relationship-based fully disclosed trading model that will prove to be as
beneficial to the US Treasuries market as it has been in other markets.”


nick@profit-loss.com    Twitter @Profit_and_Loss

Nick Cawley

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