- Latest offering complements U.S. credit futures launching
in June
CHICAGO, May 21, 2024
/PRNewswire/ -- CME Group, the world's leading derivatives
marketplace, today announced that it will continue its expansion
into the fixed income markets by launching repo on corporate bonds
and mortgage-backed securities (MBS) on BrokerTec Quote, its
dealer-to-client (D2C) request-for-quote (RFQ) trading platform.
U.S. corporate bonds began trading on May
20, 2024, with the remaining products live by the end of
June. Additionally, CME Group's U.S. credit futures will begin
trading on June 17, 2024.
The addition of U.S., euro and sterling corporate bonds and MBS
on BrokerTec Quote creates a holistic product suite with U.S. and
euro repo on all major government bonds already available to trade
on the platform. Following the launch, clients will be able to
conduct their risk management and fixed income financing needs from
one platform. This is in addition to BrokerTec's established
dealer-to-dealer (D2D) central limit order book (CLOB) repo
platform where almost $600B average
daily notional volume (ADNV) of repo was transacted in 2023.
"In today's dynamic and complex financial landscape, navigating
the fixed income markets for mortgages and credit presents unique
challenges for clients who need sophisticated tools to manage their
exposure and achieve their financing needs," said John Edwards, Global Head of BrokerTec. "We have
been actively expanding BrokerTec Quote to cover repo on all major
government bond markets in recent years. The addition of corporate
bonds and MBS is a natural complement to our core offering and
follows significant demand from clients."
BrokerTec is a leading marketplace for benchmark cash U.S.
Treasuries and U.S. and EU repo with $750B ADNV traded daily across its D2D CLOB, D2C
RFQ and streaming platforms.
For more information on BrokerTec Quote, visit
www.cmegroup.com/brokertecquote.
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 is a trademark of BrokerTec Americas LLC
and EBS is a trademark of EBS Group LTD. The S&P 500 Index and
the S&P 500 Dividend Points Index (Annual) are products of
S&P Dow Jones Indices LLC ("S&P DJI"). "S&P®", "S&P
500®", "SPY®", "SPX®", US 500 and The 500 are trademarks of
Standard & Poor's Financial Services LLC; Dow Jones®, DJIA® and
Dow Jones Industrial Average are service and/or trademarks of Dow
Jones Trademark Holdings LLC. These indices and trademarks have
been licensed for use by Chicago Mercantile Exchange Inc. Futures
contracts based on the Indices are not sponsored, endorsed,
marketed, or promoted by S&P DJI, and S&P DJI makes no
representation regarding the advisability of investing in such
products. All other trademarks are the property of their respective
owners.
BrokerTec Europe Limited is authorized and regulated by the UK
Financial Conduct Authority.
CME Amsterdam B.V. is regulated in the
Netherlands by the Dutch Authority for the Financial Markets
(AFM) (www.AFM.nl).
BrokerTec Americas LLC. ("BAL") is a registered broker-dealer
with the U.S. Securities and Exchange Commission, is a member of
the Financial Industry Regulatory Authority, Inc. (www.FINRA.org),
and is a member of the Securities Investor Protection Corporation
(www.SIPC.org). BAL does not provide services to private or retail
customers.
CME-G
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SOURCE CME Group