BrokerTec Is Launching a New Trading Platform for BrokerTec Stream

BrokerTec revealed today that it is launching a new trading platform for BrokerTec Stream, a streaming service for U.S. Treasuries. Current BrokerTec clients will be migrated to the new platform in Q4 of 2022.

The new platform has faster market data and significant improvements were made to the processing times. The new platform offers enhanced price discovery and cost efficiencies for customers.

The current API, single ticket/full amount trading protocol, firm pricing and directed orders will remain available in the new platform.

The expected new features are sweepable orders, enhanced market maker inventory management and client-to-client matching. The front end will remain the same as well as credit limits and Straight Through Processing (STP) as dealer-to-dealer central limit order book (CLOB).

Besides the above, the new platform will be integrated with Broadway Technology for liquidity and matching.

BrokerTec Americas LLC ('BAL') is a registered broker-dealer with the US Securities and Exchange Commission (SEC Securities and Exchange Commission (SEC) The Securities and Exchange Commission (SEC) is one of the most widely known independent authorities in the United States. The SEC has a wide range of responsibilities, helping police markets and curbing against abuse. This includes enforcing federal securities laws, proposing securities rules, and regulating the US’ stock and options exchanges.As one of the paramount regulatory authorities in the US, the SEC is responsible for the oversight of public companies in the aforementioned segments.Wha The Securities and Exchange Commission (SEC) is one of the most widely known independent authorities in the United States. The SEC has a wide range of responsibilities, helping police markets and curbing against abuse. This includes enforcing federal securities laws, proposing securities rules, and regulating the US’ stock and options exchanges.As one of the paramount regulatory authorities in the US, the SEC is responsible for the oversight of public companies in the aforementioned segments.Wha Read this Term). In addition, it is a member of the Securities Investor Protection Corporation. At the time of writing, the company does not provide its services to either private or retail clients.

Officials Remarks

Sean Hodgson, an Executive Director at BrokerTec Products, said: "Providing our customers with the most advanced technology to improve the execution experience is of the utmost importance to BrokerTec.

"The next-generation BrokerTec Stream platform delivers significantly reduced latency and will enable us to further innovate by rolling out new products, order types and execution logics in the future."

John Estrada, the Global Head of eMacro at Credit Suisse, said: "We are always looking to work with partners to provide better solutions to clients.

"The new BrokerTec Stream platform shows that innovation continues, and we believe clients will benefit from the improved ability to trade U.S. Treasuries."

Bruce Boytim, the COO at Broadway Technology, said: "We're passionate about working closely with our customers to meet their evolving needs and transform their fixed income businesses.

"We are particularly excited to integrate BrokerTec Stream with Broadway's Toc platform, further continuing our mission to bring new innovations, liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term and flexibility to our clients."