As one of the largest and most liquid fixed-income cash markets in the world, the Nasdaq eSpeed electronic trading platform provides real-time institutional trading of benchmark U.S. Treasury Securities. eSpeed operates a fully executable central limit order book for electronic trading of U.S. Treasury Securities, giving Nasdaq a strategic stance in the electronic fixed income business.
Complementing the trading business is an assortment of valuable real-time and static market data products including live intra-day, end-of-day, historical and indicative pricing derived through the eSpeed trading system.
Nasdaq Fixed Income customers benefit from:
- Increased market transparency
- Access to a level playing field
- Fully anonymous trading
- Technology expertise from the inventor of electronic trading
- Straight through processing
- No membership requirements
Market Expansion and Diversification
Nasdaq expects U.S. Treasury Securities trading volumes – already one of the largest markets in the world with over $500 billion in daily trading volume – to increase, as core drivers gain momentum and economic headwinds subside. Positive market trends (such as increasing new-issuance of U.S. Treasury Securities, the continued electronification of the U.S. Treasury market and the resolution of fiscal uncertainty) will drive volume growth. In addition, as the FED’s quantitative easing program concludes, Nasdaq predicts the normalization of rates, the rate curve and volatility, all of which will feed substantially larger U.S. Treasury Securities trading volume. eSpeed is well positioned, through the independent ownership of Nasdaq, to benefit from the normalization of the U.S. government bond market and the cyclical drivers of volumes.
eSpeed diversifies the Nasdaq Transaction Services and Global Information Services businesses, and allows the company to maximize new opportunities in the trading of fixed income securities around the globe. Nasdaq expects to utilize eSpeed to trade additional fixed income products, offering customers increased access to a greater variety of trading instruments.
NOTE: Brokerage services provided by Execution Access, LLC. Member FINRA and SIPC.