Electronic bond trading firm Eurex has signed up Tradition Securities and Futures as the first inter-dealer brokerage company to join its trading platform.
In addition to banks trading on the platform, Eurex Bonds aims to gain further brokers and proprietary trading companies as participants. The company expanded its admission framework in July this year and opened the platform to this group of participants.
Since the traditional division between interbank trading and proprietary trading is disappearing due to the increasing success of over-the-counter electronic bond trading platforms, it is becoming increasingly important for these platforms to tap into new participant groups.
In just five years the international bond trading platform Eurex Bonds has become one of the most important and liquid electronic marketplaces for fixed-income securities in Europe, said Dominique Velter, strategic marketing manager of Tradition.