CHICAGO and LONDON, Feb. 16,
2022 /PRNewswire/ -- CME Group, the world's leading
derivatives marketplace, today announced it has launched UST Market
Profile, the industry's first tool to bring together listed
Treasury futures and BrokerTec cash treasuries in one comprehensive
view for global bond traders to trade more efficiently between
these two highly complementary liquidity pools.
The new UST Market Profile tool allows market
participants to identify execution efficiencies across CME
Group's listed futures and BrokerTec cash treasuries. Bond traders
can use the tool to compare and analyze liquidity, determine the
optimal trading method and time of day to transact and minimize the
market impact of their trades. The UST Market Profile provides an
hour-by-hour view of bid-ask spreads, order book depth, market
activity and volume across several maturities for listed futures
and cash treasuries. Additionally, 20-Year U.S. Treasury Bond
futures will be viewable in the UST Market Profile tool following
their introduction on March 7,
pending regulatory reviews.
"By accessing UST Market Profile, market participants will be
able to identify patterns of deep liquidity and tight bid-ask
spreads across listed futures and cash treasuries markets for the
first time ever," said Agha Mirza,
Global Head of Rates and OTC Products, CME Group. "Clients can
view daily, weekly or monthly historical averages over a
period of up to six months to allow them to make informed decisions
about how best to minimize costs, achieve execution efficiencies
and manage interest rate risk in U.S. Treasury markets."
"UST Market Profile highlights the value of bringing BrokerTec
onto the CME Globex platform and allowing these two important
markets to be traded side-by-side," said John Edwards, Global Head of BrokerTec. "While
there are microstructure differences between futures and cash
treasuries, the tool provides market participants with valuable
insights to better understand and capitalize on opportunities in
both markets."
During periods of increased volatility, including market-moving
events such as inflation figures, jobs numbers or key U.S. Treasury
debt auctions, the UST Market Profile tool can provide participants
with greater transparency to improve decision making. Additionally,
users can see where the tightest top of book prices are across
time zones and what depth is available in both CME Group and
BrokerTec U.S. Treasuries central limit order books.
The new tool builds on the success of CME Group's FX Market
Profile tool launched in 2020. For more information on
UST Market Profile, please visit www.cmegroup.com/ustprofile.
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.
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
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SOURCE CME Group