Cboe Global Markets to Launch New US Treasuries Trading Platform

Cboe Global Markets to Launch New US Treasuries Trading Platform

The launch of the new offering will take place in the second quarter of 2022.

Cboe Global Markets, a global market operator and trading solutions provider, announced on Thursday its plans to launch a new dealer-to-dealer trading platform for US Treasuries. According to the press release, the Cboe Fixed Income platform will be the operators first cash US Fixed Income product offering.

The launch is expected to take place at any time during the second quarter of 2022, subject to regulatory approvals, Cboe noted. “We are excited to bring the best of what we do in the global FX market to the US Treasuries space. Cboe Fixed Income is designed to address some of the biggest challenges that dealers face today, including flow segmentation, information leakage, and high hedging costs. We believe the new trading platform will provide a unique solution that enables liquidity providers to interact directly with high-quality order flow, reduce market impact and receive opportunities for price improvement,” Jonathan Weinberg, Senior Vice President and Head of FX and US Treasuries at Cboe Global Markets, commented.

To enhance trading in US Treasuries, Cboe Fixed Income will combine Cboes Full Amount technology with its liquidity curation and analytics capabilities. Together, these capabilities will create an interdealer trading model that stands out from other options available on the market, the global market operator pointed out in the announcement.

Regulatory Registering

In addition, the Cboe Fixed Income is under the process of registering with the US Securities and Exchange Commission (SEC) as a government securities broker-dealer.

“With our footprint covering the world‘s largest and most liquid marketplaces, we are excited to enter the US Treasuries market and further broaden Cboe’s market operations on a global scale. Fixed Income represents an untapped market for Cboe with many exciting product possibilities, and we look forward to extending our innovative technology and trading solutions to this asset class to serve an even broader base of market participants,” Ed Tilly, Chairman, President and Chief Executive Officer of Cboe Global Markets, added.

Recently, Cboe Global Markets hired Bo Chung to become its new Senior Vice President, Sales and Index Licensing.