Inside pricing and zero legging risk on US Treasury benchmark spreads continue to attract new users and increased flow to RV Curve.
Increasingly, through direct collaboration with the repo community, BrokerTec Quote is delivering on its vision to repower dealer-to-client repo trading.
Through best-in-class RFQ capabilities, automation across the trade lifecycle, and innovative and customizable feature sets that solve for specific client pain points, Quote continues to attract new users and bigger volumes ‒ most recently hitting new highs in one-day volume and weekly ADV for the week ending Aug. 27.
Contact our team today to set up a demo and to learn how Quote can help you.
In August, the BrokerTec Global Front End Client was upgraded to version 10.2 with several impactful enhancements for US Repo participants, including:
With innovative features, new trading modalities, and a streamlined approach, we are improving traders' experiences and making it easier, safer, cheaper, and faster to execute more effectively.
EU Next Gen Bonds now trading commission free as of Sept. 1
EU Next Generation Bonds are now available to trade on BrokerTec for Cash and Repo (CLOB and Quote) transactions.
Delisting EONIA Repo products
Effective Tuesday, August 31 (trade date Wednesday, September 1), all Euro Overnight Index Average (EONIA) Repo instruments were delisted.
CME Group's new Micro Treasury Yield futures have seen a rapid uptake since their Aug. 16 launch, with over 165K contracts traded in the first three weeks.
Because Yield futures are listed monthly and cash-settled to BrokerTec UST benchmarks that track on-the-run securities, they provide users with a new and valuable use case: Trading the When Issued (WI) security a month in advance.
A confluence of fiscal and monetary hot spots could mean heightened risk and a more volatile ride ahead for interest rate markets.
Read about potential risks (and risk management solutions) associated with the debt ceiling, the TGA drawdown/RRP paradigm, and the potential for the Fed to begin tapering as the Treasury begins reducing coupon issuance.