NEW YORK and CHICAGO, March 24,
2021 BrokerTec, a leading provider of electronic
trading platforms and technology services in fixed income markets,
this week launched Relative Value (RV) Curve spread trading,
allowing clients to trade cash U.S. Treasury benchmark spreads in a
single order for the first time. As a result, market
participants are able to trade spreads across the yield curve more
efficiently and without legging risk.
"Following the successful migration of BrokerTec onto the CME
Globex platform, we are pleased to launch the RV Curve product that
creates a new, single order type to merge implied spreads from
outright order books with true spread orders for U.S. Treasuries,"
said Sean Hodgson, Executive
Director, BrokerTec Products. "RV Curve will increase
matching opportunities and enhance overall liquidity and market
efficiency for our clients through a more effective execution of
cash Treasury spreads."
Through BrokerTec RV Curve, market participants can easily trade
pre-defined ratio spreads between cash benchmark U.S. Treasuries as
a yield differential. All spreads tradable will be available at
1/8th of a basis point (0.00125), regardless of the minimum price
increment of the underlying instruments, providing greater matching
and liquidity opportunities. RV Curve offers 21 spreads, providing
a full view of the relationships between 2-year, 3-year, 5-year,
7-year and 10-year Treasury notes and 20-year and 30-year Treasury
bonds.
For more information on BrokerTec's RV Curve, please visit:
www.cmegroup.com/rvcurve.
BrokerTec is 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. TriOptima AB is regulated
by the Swedish Financial Supervisory Authority for the reception
and transmission of orders /in relation to one or more financial
instruments. TriOptima AB is registered with the US National
Futures Association as an introducing broker.
CME-G
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SOURCE CME Group