Fidessa has integrated U.S. Treasuries into its global futures and options trading platform for the sell side and has added connectivity to ICAP’s BrokerTec and NASDAQ OMX’s eSpeed.
The in-platform integration with BrokerTec, a electronic trading platform for fixed income, and eSpeed, an electronic trading platform for U.S. Treasuries, allows users to trade U.S. Treasury futures and options with their underlying cash bonds through one screen. Firms can either trade on BrokerTec and eSpeed individually or across both, using Fidessa’s SOR (smart order routing) platform, which provides a single view of cash and futures-based liquidity.
Fidessa says that by integrating U.S. Treasuries with futures and options trading, futures commission merchants (FCMs) can generate synergies and simplify the workflow between desks and across regions, which can help FCMs navigate the pressures of the new regulatory and low-interest rate environment.
“We have seen considerable demand from our clients for access to these markets at a time when cost pressures remain,” says Justin Llewellyn-Jones, global head of derivatives at Fidessa. “This latest initiative provides a single consolidated platform that simplifies trading and compliance processes and provides a lower cost, more client focused service whilst meeting the regulators’ ongoing demands for high levels of transparency.”
Fidessa Adds U.S. Treasuries Into Futures and Options Platform
Fidessa has integrated U.S. Treasuries into its global futures and options trading platform for the sell side and has added connectivity to ICAP’s BrokerTec and NASDAQ OMX’s eSpeed.
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