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BrokerTec, the electronic fixed income trading platform, has launched new functionality for trading US Treasuries after competing its migration to CME Globex.
CME Group acquired BrokerTec in November 2018 as part of its purchase of NEX. BrokerTec’s dealer-to-dealer platform was fully integrated into the proprietary CME Globex platform in February 2021 following the migration of US Treasuries benchmark trading and US repo platform.
This followed the integration of BrokerTec’s EU government bond and repo markets in January this year. The exchange said this enables clients to manage risk across cash and futures on a common platform allowing greater operational and technological efficiencies.