The Nasdaq system changed on Sunday its rebate schemes for clients
Nasdaq OMX NLX, the European rates
platform, showed on Monday early signs of spreading liquidity
along the curve a day after changing its rebate scheme on
Monday’s trading on NLX
increased in four of its six contracts and was flat in a fifth
as trading levels fell in its most liquid contract but trading
spread along the yield curve.
NLX executed on Monday 1022 trades in its
three month sterling contract compared with 367 last Monday and
153 trades on Friday. There were 547 trades in the two year
schatz versus none last Monday and 293 trades in the five year
bobl compared with 75 last week.
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