09.05.2025

BrokerTec Chicago to Launch on October 6

09.05.2025
BrokerTec Chicago to Launch on October 6

New Central Limit Order Book for U.S. Treasury Trading to Launch Oct. 6

CME Group, the world’s leading derivatives marketplace, announced that Citigroup, J.P. Morgan and Morgan Stanley will be available to trade cash U.S. Treasuries on BrokerTec Chicago when it launches on October 6.

“With leading financial firms on board for day one on BrokerTec Chicago, trading U.S. Treasury futures and cash will be more efficient than ever before,” said Mike Dennis, CME Group Global Head of Fixed Income. “CME Group is in a unique position to bring these markets together, unlocking value for our clients worldwide who want to more precisely hedge their risk amid record debt issuance and ongoing economic uncertainty.”

At launch, clients will be able to trade all seven of BrokerTec’s on-the-run benchmark U.S. Treasuries. To align with the futures market, these products will be available in smaller notional sizes and at tighter price increments. Clients will be able to use their existing connectivity to CME Globex, including the BrokerTec API.

CME Group operates BrokerTec, whose platform for benchmark cash U.S. Treasuries and U.S. and EU repo transactions is the world’s leading marketplace for fixed income trading. In Q1 this year, BrokerTec set an all-time single-day average daily notional volume record of $1.05 trillion across its dealer-to-dealer central limit order book, dealer-to-client request-for-quote and streaming platforms.

CME Group U.S. Treasury futures and options also reached an all-time average daily volume record of 8.8 million contracts in 2025.

BrokerTec Chicago is offered as part of BrokerTec Americas LLC. For more information, visit https://www.cmegroup.com/chicago-CLOB.

Source: CME

HSBC AI Markets harnesses natural language processing to meet market participants’ trading and hedging needs, from pre-trade analysis, to execution, to post-trade. Markets Media caught up with Tom Croft to learn more about the platform.

#AIMarkets

“Portfolio trading is a massive improvement in efficiency.”

What impact do you think portfolio trading will have on the future of bond market structure?

#PortfolioTrading #Trading

Asset owners are investing heavily in data, from AI to ESG to real-time tools.
What’s the top priority for the data suite? 👇

#AssetOwners #FinTech #AI #ESG #Data

At #TradeTechFX Barcelona this week, LMAX Group Managing Director of Digital Assets, Jenna Wright, joins @TheBondDESK @marketsmedia to discuss how FX desks are adapting to the rise of digital assets.

She’ll explore market convergence, regulation and the investor opportunities…

Load More

Related articles

  1. Trading Europe From ‘Across the Pond’

    The initiative will provide a real European alternative to the US-dominated stablecoin market.

  2. Fund Managers Warn on Esma Research Proposals

    Goldman Sachs CEO said more financial risk exists outside the regulatory system.

  3. There was a 34% improvement in predicting how likely a trade would be filled at a quoted price.

  4. Platform is a one-stop shop for buy side and corporates to tap into data, analytics and trade execution.  

  5. Firms are looking to provide access to crypto and innovate with this technology at scale.

We're Enhancing Your Experience with Smart Technology

We've updated our Terms & Conditions and Privacy Policy to introduce AI tools that will personalize your content, improve our market analysis, and deliver more relevant insights.These changes take effect on Aug 25, 2025.
Your data remains protected—we're simply using smart technology to serve you better. [Review Full Terms] | [Review Privacy Policy] By continuing to use our services after Aug 25, 2025, you agree to these updates.

Close the CTA