BrokerTec to Introduce Next-Generation BrokerTec Stream Platform

Fazzaco learned that BrokerTec, a leading provider of electronic trading platforms and technology services in fixed income markets, would roll out a next-generation trading platform for BrokerTec Stream, its relationship-based, streaming service for U.S. Treasuries.

The new platform is designed to offer clients significantly enhanced processing times and faster market data. It will enable greater price discovery, certainty of execution and cost efficiencies for clients, and support their overall trading performance.

According to the official press release, existing BrokerTec Stream clients will be migrated to the new platform in Q4.

The new BrokerTec Stream platform will retain existing features such as the current API, single ticket/full amount trading protocol, firm pricing, and directed orders. Also, it will include new features such as sweepable orders, client-to-client matching, and enhanced market maker inventory management. The new offering will continue to share the same front end, credit limits and Straight Through Processing (STP) as the BrokerTec dealer-to-dealer central limit order book (CLOB). Furthermore, it will be integrated with industry leading ISV's such as Broadway Technology to enhance liquidity and matching opportunities.

BrokerTec is owned by CME Group.

Last month, Fazzaco reported that BrokerTec has tied with Broadway Technology​ to make its Relative Value Curve spread trading functionality available on Broadway's Toc platform.