Top 100 Most Active Cash Bonds
With volume in equities on collision course with singularity, courtesy of HFT's vol lim->0 series, Zero Hedge is launching a new daily segment which will indicate the volume and number of trades per any given issue according to TRACE. As we believe the vast majority of human traders have largely shunned equities, the impact of credit trading will only get larger and larger. And while CDS has yet to get the "TRACE" treatment, the availability of this data in cash bonds is the main reason why we will bring it to public scrutiny. Furthermore, we will commence correlating this data with which desk has the most active axes in any given name, and implicitly determining whose Fixed Income division is making the most money on the bid/ask spreads and on traded cash volumes.
Our first report demonstrates the top 5 bonds traded, with volume and trade count data courtesy of TRACE:
- NRG: 51.1 million, 24 trades
- BONT: 40.3 million, 29 trades
- LVLT: 39.8 million, 15 trades
- AES: 38.7 million, 9 trades
- AMD: 36.5 million, 42 trades