| CME Group Inc. plans to launch a second central limit order book for cash US Treasuries designed to support trading across the derivatives and cash markets in the third quarter.
The new platform, operated by BrokerTec Americas, will be co-located alongside the CME’s futures and options markets in Chicago, according to a Thursday press statement. It will allow trades in smaller price increments of the most recently issued US bonds of a particular maturity and tap into the growing demand for spread trading among investors in Treasuries, the world’s largest sovereign bond market.
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