BrokerTec’s trading platform migrates to CME Globex
03 February 2021 US
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BrokerTec, a provider of electronic trading platforms and part of CME Group, the derivatives marketplace, has migrated its US treasuries benchmark trading and US repo platform to CME Globex.
This follows the integration of BrokerTec's EU government bond and repo markets in January.
The newly-integrated dealer-to-dealer platform will now give clients 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, says CME.
As part of the migration, the existing BrokerTec Global Front End 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.
John Edwards, global head of BrokerTec, says: "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."
Elsewhere BrokerTec unveiled a dealer-to-client request-for-quote (RFQ) trading platform, BrokerTec Quote, for the US repo market in October 2020.
The platform, hosted by BrokerTec Americas, aims to offer a way to more-effectively manage positions and access liquidity while also automating the end-to-end repo execution workflow, says John Edwards, global managing director at BrokerTec.
It will additionally automate the entire audit trail and offer access to BrokerTec Analytics, which provides clients with historical and individual trade performance data to better understand the cost to trade and inform future trading decisions.
The launch followed the collaboration between BrokerTec and TriOptima to deliver the market’s first end-to-end repo workflow solution, aimed at providing mutual buy-side clients with automation across the life cycle of a transaction.
This follows the integration of BrokerTec's EU government bond and repo markets in January.
The newly-integrated dealer-to-dealer platform will now give clients 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, says CME.
As part of the migration, the existing BrokerTec Global Front End 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.
John Edwards, global head of BrokerTec, says: "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."
Elsewhere BrokerTec unveiled a dealer-to-client request-for-quote (RFQ) trading platform, BrokerTec Quote, for the US repo market in October 2020.
The platform, hosted by BrokerTec Americas, aims to offer a way to more-effectively manage positions and access liquidity while also automating the end-to-end repo execution workflow, says John Edwards, global managing director at BrokerTec.
It will additionally automate the entire audit trail and offer access to BrokerTec Analytics, which provides clients with historical and individual trade performance data to better understand the cost to trade and inform future trading decisions.
The launch followed the collaboration between BrokerTec and TriOptima to deliver the market’s first end-to-end repo workflow solution, aimed at providing mutual buy-side clients with automation across the life cycle of a transaction.
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