CME Group completes migration of BrokerTec trading platform to CME Globex
International derivatives marketplace CME Group Inc (NASDAQ:CME) today announced that BrokerTec, a leading provider of electronic trading platforms and technology services in fixed income markets, has migrated its U.S. Treasuries benchmark trading and U.S. Repo platform to CME Globex.
As FX News Group has reported, BrokerTec’s EU government bond and repo markets were integrated with CME Globex in January.
With BrokerTec’s dealer-to-dealer platform now a fully integrated part of CME Globex, clients have an enhanced suite of government bond trading offerings across listed derivatives, cash and repo markets on a common platform allowing greater operational and technological efficiencies when managing risk across cash and futures.
John Edwards, Global Head of BrokerTec, comments:
“Going forward BrokerTec clients will benefit from the world-class technology available on the CME Globex platform, allowing them to leverage new features and functionality. As clients look to more efficiently manage their risk, this migration will facilitate greater opportunities across execution, analytics, clearing and settlement for listed interest rate derivatives, cash government bonds and repos – all in one place.”
As part of the migration, the existing BrokerTec Global Front End (GFE) application has been integrated into CME Globex, and real-time BrokerTec data can be streamed with CME Group futures and options data for users of the CME Market Data platform.
CME Group acquired BrokerTec in November 2018.
BrokerTec offers three trading platforms to access fixed income markets, each designed to meet your specific trading needs. BrokerTec central limit order book (CLOB) is the industry-leading, dealer-to-dealer electronic trading platform supporting US Treasuries, US and EU repo markets and European government bond cash markets. BrokerTec Quote is a dealer-to-client request for quote (RFQ) trading solution for the European and US Repo markets. BrokerTec Stream is a robust, relationship-based streaming platform for US Treasury markets, backed by BrokerTec’s leading expertise, infrastructure and network of dealers.