TMPG Releases White Paper on Automated Trading in Treasury Market
The TMPG has released a final version of the white paper on Automated Trading in Treasury Market that describes the growth of automated trading in the secondary market for Treasury securities, and some of the benefits and risks associated with this evolution. The paper incorporates updates to TMPG best practice guidance for Treasury, agency debt and agency mortgage-backed securities (MBS) markets related to automated trading. A consultative draft of the paper was published in April.