LONDON and NEW YORK and CHICAGO, Oct. 26,
2020 /PRNewswire/ -- BrokerTec, a leading provider of
electronic trading platforms and technology services in fixed
income markets, today announced its dealer-to-client request for
quote (RFQ) trading platform, BrokerTec Quote, is now available to
the U.S. repo market through BrokerTec Americas, LLC. The
addition of U.S. treasury repo to the BrokerTec Quote platform
follows its successful launch for European repo, European sovereign
debt and UK gilts repo market users in June 2019.
"Repo market participants are increasingly focused on
efficiencies, which is driving greater electronification of
overnight and short-term lending markets amid increasing economic
uncertainty," said John Edwards,
Global Managing Director, BrokerTec. "BrokerTec Quote and its
enhanced RFQ functionality will meet this demand by enabling
clients in the U.S. to more effectively manage positions and access
liquidity, whilst automating their end-to-end repo execution
workflow."
Clients using BrokerTec Quote will also benefit from the ability
to enhance existing dealer-to-client relationships and RFQ
workflow. The service allows users to automate their audit trail
from start to finish and access BrokerTec Analytics, which provides
clients with historical and individual trade performance data to
better understand the cost to trade and inform future trading
decisions.
For more information on BrokerTec Quote, visit
www.cmegroup.com/brokertecquote.
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 LTD, EBS Group LTD, 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