BrokerTec Futures Exchange, the US-based electronic fixed income futures exchange, announced today that its exchange feed will now be available via Bloomberg’s desktop terminals.
Bloomberg’s 170,000 users will now have access to streaming, real-time market data on BTEX’s U.S. interest rate derivatives products – U.S Treasury Bonds (15 – 30 Year), Long-Term U.S. Treasury Notes (6 1/2 – 10 Year), and Medium-Term U.S. Treasury Notes (5 Year).
This announcement comes as BTEX is seeing a growth in open interest and a boost in volume as the exchange enters its second year of operation. BTEX recently reported that February’s monthly volume increased nearly 50 percent over February 2002.
Also, BTEX has experienced a rise in participation from an expanding base of end-users. There has been a steady flow of new members joining the exchange, particularly from “locals” who have traditionally traded on Chicago’s floor-based exchanges.
“Through Bloomberg, BTEX price information will now be available to an even wider range of highly sophisticated market participants,” said Hank Mlynarski, President, BrokerTec Futures Exchange. “This enhanced distribution, as well as the addition of new memberships, will contribute to the continuing improvement of transaction prices and create a more efficient, liquid and competitive market.”