Object Trading to Provide Immediate Direct Market Access to CurveGlobal

Object Trading, a provider of multi-asset trading infrastructure, announced today that its clients and partners will have immediate Direct Market Access (DMA) to CurveGlobal, the new interest rate derivatives trading venture, co-owned by London Stock Exchange Group, seven major dealer banks and CBOE, when live trading begins from 26 September.

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The access to CurveGlobal is the most recent addition to Object Trading’s global platform. It follows the recent announcement that it is the first vendor which provides market access to the ASX to have conformed to the upgraded ASX 24 (futures) New Trading Platform (NTP) from Cinnober, as reported last week by Finance Magnates.

The CurveGlobal venture was announced by LSEG in October 2015 and will offer market participants a new interest rate futures 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 pool, cleared alongside SwapClear's OTC pool, to help generate capital efficiencies for participants.

By combining LSEG's robust technology with the interest rate expertise of the dealer banks, CurveGlobal will develop and incubate new interest rate products to benefit the full breadth of market users.

It will be easier for traders to provide liquidity on CurveGlobal from day one and with Object Trading’s DMA Platform.

Object Trading’s DMA Platform is an independent infrastructure that features a single gateway for normalised market data and order Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term. With pre-trade risk constraints and real-time middle office integration, the platform is scalable for all types of electronic trading to over 60 markets worldwide, with minimal onboarding and maintenance investments.

From day one of trading, Object Trading’s clients will have on-demand access to CurveGlobal, in addition to existing exchanges on the platform, including the recent expansions to fully managed DMA services, with co-location at the Australian Stock Exchange derivatives market (ASX 24) and the Montreal Exchange (MX).

Dan Hubscher, Object Trading’s Director of Strategy, said: “Object Trading is responding to first-mover buy-sides by providing direct control over their business model in a period of sell-side retrenchment, relentless exchange innovations, and a global rise in futures volumes. These firms can use any trading screen, work with any broker, and trade CurveGlobal on day one via the same, single normalised interface for DMA to the world’s venues. Clearing brokers and screen providers can provide more flexible solutions to buy-side clients by simplifying their market access.”