LONDON, May 22, 2019 /PRNewswire/ -- BrokerTec, a
leading provider of electronic trading platforms and technology
services in fixed income markets, today announced it will launch
BrokerTec Quote, a new dealer-to-client Request for Quote (RFQ)
trading solution for the European Repo market.
Launching in the second quarter of 2019 (subject to regulatory
approval), BrokerTec Quote will provide market participants trading
European Repo with a new, enhanced RFQ capability, providing a more
intuitive and efficient means of trading. This will enable
participants to make more informed trading decisions and will
provide significant enhancements to negotiation and execution.
BrokerTec Quote will be available for the trading of European
Sovereign Debt, UK Gilts along with Supranational and Agencies in
the EU27. Future enhancements are expected to include US Treasuries
and several major sovereign bond markets including Australian and
Japanese Government Bonds.
"The development of RFQ functionality and launch of the new
BrokerTec Quote segment is the next extension to our existing,
market leading dealer-to-dealer Repo platform," said John Edwards, Managing Director of BrokerTec
Europe. "This new service will leverage the existing regulated
platforms in the UK and the
Netherlands for the EU27 and offers meaningful opportunities
for the dealer community on BrokerTec by delivering significant
efficiencies and enhanced execution services in the
dealer-to-client space via an RFQ protocol."
Clients using BrokerTec Quote will also benefit from access to
BrokerTec Analytics, a new service which provides clients with
individual trade performance and historical data to inform future
trading decisions.
BrokerTec is a part of CME Group. As the world's
leading and most diverse 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. With a range of pre- and post-trade products and
services underpinning the entire lifecycle of a trade, CME Group
also offers optimization and reconciliation services through
TriOptima, and trade processing services through Traiana.
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, EBS, TriOptima, and Traiana are
trademarks of BrokerTec Europe Limited, EBS Group Limited,
TriOptima AB, and Traiana, Inc., 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
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SOURCE CME Group