Interesting drops in MarketAxess market share across IG & HY corporate bonds the last couple months - will be telling to see how Tradeweb stacks up when they release volumes tomorrow...pic.twitter.com/xNRaTlhavU
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I do think today's drop is overdone - I guess the marginal investor wanted to see more share growth in February? Tradeweb's share dropped too, likely just due to higher volumes causing more block trades handled by the legacy dealers.
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