LONDON, Oct. 6, 2023
/PRNewswire/ -- BrokerTec, a leading provider of electronic trading
platforms and technology services in fixed income markets, today
announced a range of new opportunities to trade European repo as a
spread to the Euro Short-Term Rate (€STR).
The new functionality offers more flexibility to clients, with
efficient hedging for term repo trading in a fluctuating interest
rate environment. Clients can clear the trades with LCH RepoClear
SA.
"In today's uncertain interest rate environment, clients are
seeking new tools to trade term repo," said John Edwards, Global Head of BrokerTec. "This
enhancement expands on our industry-leading central limit order
book for trading European repo, with clearing available from day
one to support the industry's need for efficient electronic
trading."
The enhancement from BrokerTec means that trading repo as a
spread to €STR is now available in all European repo markets except
for Italy and Spain, adding to an existing opportunity to
trade French repo vs €STR already provided by BrokerTec.
Last year, CME Group launched trading in €STR futures, with open
interest recently growing to over 16,000 contracts.
European repo is available for trading on the BrokerTec EU
Regulated Market operated by CME Amsterdam B.V.
About CME Group
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 and EBS are trademarks of BrokerTec Europe
LTD and EBS Group LTD, respectively. The S&P 500 Index is a
product of S&P Dow Jones Indices LLC ("S&P DJI").
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trademarks of Standard & Poor's Financial Services LLC; Dow
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have been licensed for use by Chicago Mercantile Exchange Inc.
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respective owners.
CME-G
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SOURCE CME Group