New benchmarks ensure reliable price information for US Treasury market.
Nearly 25% of transactions remain unreported.
The linkage brings expanded access to off-the-run Treasuries.
Fallout from post-crisis regulatory reform spawned the idea for OpenDoor Trading.
Algorithms and smart order routing are gaining sway in the Treasury market.
Momentum traders ride the wake of the large transactions.
ATSs have 12 months to bring aggregated reports in line.
Building a better liquidity mousetrap for off-the-run Treasuries.
Electronic trading and trade tapes go hand-in-hand