For US Treasury algos, dealers get with the program
Four banks now offer execution algos on Bloomberg, with plans to go further, faster
In algorithmic trading, government bonds have been the poor cousin to asset classes such as foreign exchange and equities.
As recently as 2022, none of the largest dealers offered client execution algorithms for the $1 trillion-a-day US Treasuries market.
But times are a-changing. Not only have more dealers developed execution algos for US Treasuries, but Bloomberg announced in early February that it had teamed up with four banks – Citi, JP Morgan, Morgan Stanley and RBC Capital Markets – to
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