Electronic US Treasuries (UST) trading venue, LiquidityEdge, has just released a record trading volumes for the month of May 2019 with average daily volumes (ADV) rising to 16.35bn (single count) across both on-the-runs and off-the-runs.
The company has already set several record highs back in February 2019.
Bryan Farrell, Head of Sales at LiquidityEdge said:
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.
LiquidityEdge is strengthening its senior team with the appointment of former R3 legal lead, Lauren Carroll, joining as Chief Administrative Officer and General Counsel.
Lauren Carroll 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, commented:
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.
Lauren Carroll added:
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.