Announcing RV Butterflies, BrokerTec's next innovation in RV spread trading with eight Globex-listed three-leg combinations of U.S. Treasury Actives. These will be listed in pre-defined DV01-neutral leg ratios and traded on a yield spread. Deployment in the New Release environment began on November 20, and production deployment is targeted for January 29, 2024. The value proposition for clients includes:
Several important updates to the BrokerTec Quote platform bring new functionality to users and further enhance the product offering:
More new features are coming in the months ahead, but please visit the BrokerTec Quote home page for further platform details.
As part of our goal to automate trade execution, securities lending has been added to other secured financing transactions for Euro collateral, such as repo and buy/sell backs, which are already supported on the Quote platform. GBP and USD secured financing are under review to be introduced, subject to regulatory approval.
Trading options available currently feature upgrade/downgrade transactions, single security versus GC or triparty collateral, with cash pool collateral soon to follow. Current functions such as Axe Boards, Rolls, and life cycle events are fully supported for securities lending trades over BrokerTec Quote.
Important milestones have recently fallen for €STR futures as more activity reaches new levels. Highlights include:
Learn more about this contract which is quickly becoming the go-to choice for participants seeking to hedge overnight European money market risk.
BrokerTec customers can also trade floating €STR on the platform, allowing for new opportunities in short-term European repo markets.
View an archive of the Rates Recap online at cmegroup.com/ratesrecap.
The latest BrokerTec updates further improve the trader experience. Top highlights of this software upgrade include:
See the full details by logging into BrokerTec, or see the highlights and contact information below:
The new and improved BrokerTec Stream platform is designed to deliver the best performance and lowest possible latency for clients.
The latest features include:
The latest round of updates also paves the way for future enhancements, including netted credit across BrokerTec markets on CME Globex.
Looking for historical data? Utilize the CME Group Reference Data Warehouse (RDW) to streamline and automate the process across futures and options, BrokerTec, and EBS.
In addition to the bevy of improvements to the platform as of late, there are several key features in development including:
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