Top 10 execution venues launched by Xtrakter

(LONDON, UK) Xtrakter, the fixed income market utility, launched today a league table of
execution venues for the market. The league table outlines both the top 10 venues of
execution for the Fixed Income and Equities markets.

OTC was also the largest method of execution for fixed income securities processed by
representing 88.01% of the total share. Tradeweb (Europe) Ltd held 1.93% and MTS SPA
held 1.87% of the total share processed by Xtrakter. Below is a breakdown of the top 10
venues of execution for the Fixed Income market.
TOP 10 Venues of Execution for the Fixed Income market*:
Venue of Execution: % of Xtrakter share
Over The Counter 88.01%
Tradeweb (Europe) Ltd 1.93%
MTS SPA 1.87%
ICAP Electronic (Europe) 1.23%
Euro Global MTS 0.75%
Bondvision 0.65%
London Stock Exchange 0.47%
Euro MTS 0.38%
ICAP Electronic (USA) 0.32%
GFI Credit Match 0.24%
Other venues 4.17%

MTS no. 1 in terms of e-trading with 3.65% (adding all their businesses mentioned above).

Is Bloomberg part of this? Is it in “Other Venues”? Is this on number of trades or volume? Over what period of time?

So many questions……

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Conor Coughlan Says:

June 30, 2008 at 7:17 pm

a) The period is for the month of May 2008 only
b)It is based on the number of trades Xtrakter processed by Xtrakter during that period only
c)Bloomberg in Europe does not have a MIC code and is therefore only a conduit that aids execution and not a venue itself, market participants can report Bloomberg trades by listing them as OTC or migrating to a designed execution venue
d) important to note that systematic internalisers are not listed within the data
e) dark pool trades could be included in the OTC figure – as market participants could report them in that capacity