TradeWeb, the online fixed income exchange, has set a daily volume record of €5.3bn ($5.15bn) for its Euro Sovereign product, reflecting the demand for fast access to liquidity in volatile market conditions.
At the same time, daily trading volume on the exchange passed €70bn. TradeWeb offers a variety of products including Euro Sovereigns, Euro and US dollar supras, US treasuries, Euro and US dollar agencies, US mortgage-backed securities, commercial paper and agency discount notes.