BrokerTec EU government bond and repo platform migrates to CME Globex
The BrokerTec EU government bonds and repo platform is the first of its electronic trading platforms to migrate to CME Globex.
The BrokerTec EU government bonds and repo platform is the first of its electronic trading platforms to migrate to CME Globex.
The BrokerTec Quote platform was first launched by CME for European repo, European sovereign debt, and UK gilts in June last year.
BrokerTec and TriOptima collaboration aims to solve operational burden around manual processes for repo trading.
Migration of BrokerTec and EBS businesses to the CME Globex platform follows CME’s acquisition of NEX Group in 2018.
New senior management for BrokerTec, EBS and Optimisation Services business lines installed following acquisition by CME.
New Request-for-Quote platform to launch in Q2 this year for European market participants.
After connecting last month, BrokerTec clients can choose Eurex Clearing as the CCP for clearing EUR repo trades.
NEX BrokerTec and Tradition will provide data on US Treasuries and interest rate swaps for new data service from Bloomberg.
BME Clearing will be available on the NEX Markets BrokerTec FX and fixed income trading platform.