CME extends repo platform for corporate bonds and MBS
22 May 2024 US
Image: komgritch
CME Group has launched repo on corporate bonds and mortgage-backed securities on BrokerTec Quote, its dealer-to-client trading platform.
US corporate bonds began trading on 20 May, with the remaining products going live by the end of June. CME Group's US credit futures will begin trading on 17 June .
The firm says the launch will allow clients to conduct their risk management and fixed income financing needs from one platform.
John Edwards, global head of BrokerTec, says: 鈥淲e have been actively expanding BrokerTec Quote to cover repo on all major government bond markets in recent years.
鈥淭he addition of corporate bonds and MBS is a natural complement to our core offering and follows significant demand from clients."
US corporate bonds began trading on 20 May, with the remaining products going live by the end of June. CME Group's US credit futures will begin trading on 17 June .
The firm says the launch will allow clients to conduct their risk management and fixed income financing needs from one platform.
John Edwards, global head of BrokerTec, says: 鈥淲e have been actively expanding BrokerTec Quote to cover repo on all major government bond markets in recent years.
鈥淭he addition of corporate bonds and MBS is a natural complement to our core offering and follows significant demand from clients."
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