Bonds
Wall Street’s Tech-Powered Bond Trades Hit Record $1 Trillion
- Portfolio trading handled 9% of US credit volume in 2024
- Rise of bond ETFs, electronic trading have fueled boom
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A tech-powered approach to bond trading that helps firms move hundreds of securities in one go has just posted its best year yet.
Portfolio trades, in which large baskets of debt are bought and sold in one swoop, accounted for about 9% of total US corporate bond volume in 2024, according to data from Tradeweb Markets Inc. That’s a record level of activity, which propelled the value of all transactions using the method past $1 trillion for the first time.