CHICAGO and LONDON, April 13,
2022 /PRNewswire/ -- BrokerTec, a leading provider of
electronic trading platforms and technology services in fixed
income markets, today announced that it will launch a
next-generation trading platform for BrokerTec Stream, its
relationship-based, streaming service for U.S. Treasuries.
Existing BrokerTec Stream clients will be migrated to the new
platform in Q4 2022. The next-generation platform will provide
clients with significantly enhanced processing times and faster
market data. It will enable greater price discovery, certainty of
execution and cost efficiencies for clients, and support their
overall trading performance.
The new BrokerTec Stream platform will retain existing features
such as the current API, single ticket/full amount trading
protocol, firm pricing, and directed orders. It will also include
new features such as sweepable orders, client-to-client matching,
and enhanced market maker inventory management. The new BrokerTec
Stream platform will continue to share the same front end, credit
limits and Straight Through Processing (STP) as the BrokerTec
dealer-to-dealer central limit order book (CLOB). In addition, it
will be integrated with industry leading ISV's such as Broadway
Technology to enhance liquidity and matching opportunities.
"Providing our customers with the most advanced technology to
improve the execution experience is of the utmost importance to
BrokerTec," said Sean Hodgson,
Executive Director, BrokerTec Products. "The next-generation
BrokerTec Stream platform delivers significantly reduced latency
and will enable us to further innovate by rolling out new products,
order types and execution logics in the future."
"We are always looking to work with partners to provide better
solutions to clients," said John
Estrada, Global Head of eMacro, Credit Suisse. "The new
BrokerTec Stream platform shows that innovation continues, and we
believe clients will benefit from the improved ability to trade
U.S. Treasuries."
"We're passionate about working closely with our customers to
meet their evolving needs and transform their fixed income
businesses," said Bruce Boytim, COO,
Broadway Technology. "We are particularly excited to integrate
BrokerTec Stream with Broadway's Toc platform, further continuing
our mission to bring new innovations, liquidity, and flexibility to
our clients."
For more information on BrokerTec Stream 2.0, please contact:
BrokerTecStream@cmegroup.com
As the world's leading derivatives marketplace, CME Group
(www.cmegroup.com) enables clients to trade futures, options, cash
and OTC markets, optimize portfolios, and analyze data – empowering
market participants worldwide to efficiently manage risk and
capture opportunities. CME Group exchanges offer the widest range
of global benchmark products across all major asset classes based
on interest rates, equity indexes, foreign
exchange, energy, agricultural
products and metals. The company offers futures and
options on futures trading through the CME Globex® platform, fixed
income trading via BrokerTec and foreign exchange trading on the
EBS platform. In addition, it operates one of the world's
leading central counterparty clearing providers, CME
Clearing.
BrokerTec Americas LLC ("BAL") is a registered broker-dealer
with the U.S. Securities and Exchange Commission, is a member of
the Financial Industry Regulatory Authority, Inc. (www.FINRA.org),
and is a member of the Securities Investor Protection Corporation
(www.SIPC.org). BAL does not provide services to private or retail
customers.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange,
Globex, and, E-mini are trademarks of Chicago Mercantile
Exchange Inc. CBOT and Chicago Board of Trade are trademarks of Board
of Trade of the City of Chicago,
Inc. NYMEX, New York Mercantile Exchange and ClearPort are
trademarks of New York Mercantile Exchange, Inc. COMEX is a
trademark of Commodity Exchange, Inc. BrokerTec and EBS are
trademarks of BrokerTec Europe LTD and EBS Group LTD,
respectively. Dow Jones, Dow Jones Industrial Average, S&P
500 and S&P are service and/or trademarks of Dow Jones
Trademark Holdings LLC, Standard & Poor's Financial Services
LLC and S&P/Dow Jones Indices LLC, as the case may be, and have
been licensed for use by Chicago Mercantile Exchange Inc. All
other trademarks are the property of their respective owners.
CME-G
View original
content:https://www.prnewswire.com/news-releases/brokertec-to-launch-next-generation-brokertec-stream-platform-301524580.html
SOURCE CME Group