BrokerTec Relative Value Curve Spread Trading Sets Single-Day and Weekly ADV Record

BrokerTec, a leading provider of electronic trading platforms and technology services in fixed income markets, today announced that Relative Value (RV) Curve spread trading achieved a single-day, volume record of $2.83 billion notional on February 10, and a weekly average daily notional volume (ADNV) record of $1.47 billionachieved during the week of February 7, 2022.

“In volatile markets, clients are increasingly turning to RV Curve to efficiently manage their risk along the curve – particularly in a week when the market had to digest higher-than-expected U.S. inflation numbers, 10-year note yields surpassing 2%, and the 30-year Treasury bond auction,” said John Edwards, Global Head of BrokerTec. “Since their launch in March 2021, these products have received growing interest because they bridge liquidity across BrokerTec’s central limit order book allowing clients to seamlessly trade benchmark curve spreads at tighter increments and without legging risk.”

RV Curve allows clients to trade pre-defined cash U.S. Treasury benchmark spreads as a yield differential and in a single order for the first time. The tool offers 21 spreads, providing a full view of the relationships between 2-, 3-, 5-, 7- and 10-year Treasury notes and 20- and 30-year Treasury bonds.

Related Posts

Previous Post
Sharegain raises $64mn led by WestCap, joined by Citi and Optiver
Next Post
UAE’s Mashreq taps ThetaRay for transaction monitoring

Related Posts

Fill out this field
Fill out this field
Please enter a valid email address.


Reset password

Create an account