January 12, 2024 (NO COMMENTS)
Canadian bank goes head-to-head with large US bulge brackets in D2C market
BMO Capital Markets is on the offensive in the US rates market, having significantly increased its market share with clients trading US Treasuries over the past 18 months. Christopher Pepe, director of rates and electronic liquidity at the Canadian bank, says it has risen from twenty-fifth to a top five position as a market-maker on Bloomberg’s electronic dealer-to-client US Treasury platform, putting it neck-and-neck with some of the large US bulge bracket dealers. “For the last seven or eight