Growing Use Cases, Sharper Pricing Propel Portfolio Trading Volumes
The stellar growth witnessed in portfolio trading (PT) in 2024 is here to stay as use cases evolve and execution matures, according to the panelists on a Coalition Greenwich webinar, Portfolio Trading: 100% Growth in 2024? The webinar was hosted by Coalition Greenwich Head of Market Structure & Technology Research Kevin McPartland.
“Portfolio trading has become a significant part of the market,” stated Paris Pender, Head of PT and Macro Credit Trading, Trumid. From 6% of TRACE in early 2023, the PT market ramped up to about 9% by year-end and is currently 10–11% of TRACE with average daily volumes (ADV) of $4.5 billion–$5 billion.