In 2023, BrokerTec will launch the next-generation trading platform for BrokerTec Stream, our relationship-based streaming service for U.S. Treasury markets.
Stream 2.0 will bring significantly enhanced processing times, faster market data, and a host of new features, while retaining existing features such as 1/16 MPI, single ticket fills, firm pricing, directed orders, and shared STP/front-end/credit with the CLOB.
Test environment connectivity timeline:
Clients and vendors that would like to kick off connectivity testing can email our team:
Anchored by ongoing collaboration with the D2C repo community, BrokerTec Quote continues to build upon its best-in-class RFQ capabilities with new features and expanded product capabilities -- in turn, attracting new LP and LC participants and record order flow.
Market demand for secured financing continues to reach new levels, and repo participants are relying on BrokerTec's leading network and proven infrastructure to deploy capital on the short-end of the repo curve:
Meet our new lineup of European short-term interest rate futures.
Euro Short-Term Rate (€STR) futures, now trading, come in two distinct contracts:
RepoFunds Rate (RFR) futures, launching later in Q4*, will be cash-settled to RFR indexes, a robust measure of overnight repo rates in Europe derived from repo trades executed on BrokerTec and MTS.
Data as of October 31, 2022 unless otherwise specified
*Pending regulatory review
In a year marked by historic volatility, BrokerTec's CLOB continues to be the leading interdealer venue for price discovery and efficient execution for U.S. Treasury actives.
Rising volumes YTD through Q3:
RV Curve delivering execution efficiencies across the curve
The BrokerTec Global Front End Client (GFE) has been upgraded to version 10.6. Firms will be required to complete the upgrade to version 10.6 by February 6, 2023, to maintain all GFE functionality.
To learn more about the 10.6 upgrade and its enhancements, visit the client portal and download the "What's New" guide.
The BrokerTec Risk Management user interface is now available for U.S. markets.
The Risk Management UI provides risk administrators access and visibility to directly manage user, firm, and product-level risk limits for BrokerTec U.S. products traded electronically on the CLOB and BrokerTec U.S. Repo markets.
For additional information on the user interface, please review the BrokerTec Risk Management User Help System.
Whether its industry standard Top of Book and Depth of Book pricing for USTs, or VWAP for the European repo market, BrokerTec has your data needs covered. See the depth of our data offering.
Use our free RFR tool to analyze sovereign repo rates, inter-country spread relationships, and GC-Specials spread dynamics over time:
Source: CME Group