A generous view of corporate bond electronic trading

Primary issuance jumped an astonishing 54% in June compared with the same month last year, with the AI infrastructure buildout driving most, if not all, of that growth. Nvidia’s $25 billion bond deal alone accounted for more than 10% of June issuance. Secondary market volumes also rose, although not quite as dramatically, increasing 21% year over year to an average of $58 billion per day.

Crisil Coalition Greenwich continuously gathers data and insights from credit market participants, including market makers, primary dealers and trading platforms. The data, once aggregated, normalized and enhanced, is analyzed by our market structure research team who identify the key trends of trading in the credit markets, with a focus on corporate bond electronic trading and trading platform market share.