CME Group Completes Migration of BrokerTec Trading Platform to CME Globex

Rhea-AI Summary

CME Group has successfully migrated BrokerTec's U.S. Treasuries benchmark trading and U.S. Repo platform to CME Globex, enhancing government bond trading offerings. This transition, which follows the integration of BrokerTec's EU markets in January, allows clients greater operational efficiency across cash and futures. The integration includes the BrokerTec Global Front End and enables real-time data streaming alongside CME Group futures. The acquisition of BrokerTec in November 2018 underpins CME's commitment to advancing its technology and trading capabilities.

Positive

• Enhanced trading offerings with the migration of BrokerTec's platforms.
• Increased operational efficiency across cash and futures markets.
• Integration of BrokerTec's Global Front End with CME Globex.
• Real-time data streaming capabilities for clients.

Negative

• None.

NEW YORK and CHICAGO, Feb. 2, 2021 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced that BrokerTec, a leading provider of electronic trading platforms and technology services in fixed income markets, has migrated its U.S. Treasuries benchmark trading and U.S. Repo platform to CME Globex. This follows the integration of BrokerTec's EU government bond and repo markets in January.

With BrokerTec's dealer-to-dealer platform now a fully integrated part of CME Globex, clients have an enhanced suite of government bond trading offerings across listed derivatives, cash and repo markets on a common platform allowing greater operational and technological efficiencies when managing risk across cash and futures.

"Going forward BrokerTec clients will benefit from the world-class technology available on the CME Globex platform, allowing them to leverage new features and functionality," said John Edwards, Global Head of BrokerTec.  "As clients look to more efficiently manage their risk, this migration will facilitate greater opportunities across execution, analytics, clearing and settlement for listed interest rate derivatives, cash government bonds and repos – all in one place."

As part of the migration, the existing BrokerTec Global Front End (GFE) application has been integrated into CME Globex, and real-time BrokerTec data can be streamed with CME Group futures and options data for users of the CME Market Data platform.

CME Group acquired BrokerTec in November 2018. For more information on BrokerTec platforms, visit: https://www.cmegroup.com/trading/market-tech-and-data-services/brokertec/platforms.html.

About CME Group
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. 

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SOURCE CME Group

FAQ

What recent changes occurred with CME Group and BrokerTec?

CME Group migrated BrokerTec's U.S. Treasuries benchmark trading and U.S. Repo platform to CME Globex on February 2, 2021.

How does the migration of BrokerTec platforms affect clients?

Clients will benefit from enhanced government bond trading offerings and greater operational efficiencies in managing risk.

What technology improvements were made during the BrokerTec migration?

The migration includes the integration of BrokerTec's Global Front End into CME Globex and real-time data streaming.

When did CME Group acquire BrokerTec?

CME Group acquired BrokerTec in November 2018.