BrokerTec Futures Exchange Feed Now Available Via Bloomberg; Expands Distribution of BTEX Market Data.Business Editors BOCA RATON, Fla.--(BUSINESS WIRE)--March 13, 2003 BrokerTec Futures Exchange Futures Exchange Traditionally, a term referring to a central marketplace where futures contracts and options on futures contracts are traded. More recently, with the growth in electronic trading, it is also used to describe the activity of futures trading itself. , L.L.C. (BTEX BTEX Benzene, Toluene, Ethylbenzene, and Xylenes (volatile organic compounds) ), the nation's only fully-electronic fixed income futures exchange, announced today that its exchange feed will now be available via Bloomberg's desktop terminals. Bloomberg's 170,000 users will now have access to streaming, real-time market data on BTEX's U.S. interest rate derivatives products - U.S Treasury Bonds (15 - 30 Year), Long-Term U.S. Treasury U.S. Treasury Created in 1798, the United States Department of the Treasury is the government (Cabinet) department responsible for issuing all Treasury bonds, notes and bills. Some of the government branches operating under the U.S. Treasury umbrella include the IRS, U.S. Notes (6 1/2 - 10 Year), and Medium-Term U.S. Treasury Notes (5 Year). This announcement comes as BTEX is seeing a growth in open interest and a boost in volume as the exchange enters its second year of operation. BTEX recently reported that February's monthly volume increased nearly 50 percent over February 2002. Also, BTEX has experienced a rise in participation from an expanding base of end-users. There has been a steady flow of new members joining the exchange, particularly from "locals" who have traditionally traded on Chicago's floor-based exchanges. "Through Bloomberg, BTEX price information will now be available to an even wider range of highly sophisticated market participants," said Hank Mlynarski, President, BrokerTec Futures Exchange. "This enhanced distribution, as well as the addition of new memberships, will contribute to the continuing improvement of transaction prices and create a more efficient, liquid and competitive market." About BrokerTec Futures Exchange: BrokerTec Futures Exchange is a designated contract market approved by the CFTC CFTC See: Commodity Futures Trading Commission CFTC See Commodity Futures Trading Commission (CFTC). that offers a low-cost solution for the electronic trading of U.S. fixed income financial futures financial futures Obligations to buy or sell particular positions in financial instruments. The features of financial futures are identical to those of any futures contract except that the asset for delivery is of a financial nature. . BTEX, a subsidiary of BrokerTec Global, is owned and supported by a broad cross section of futures industry participants, including global financial institutions and banks, major securities firms, futures commission merchants, as well as a variety of proprietary trading Proprietary Trading When a firm trades for direct gain instead of commission dollars. Essentially, the firm has decided to profit from the market rather than commissions from processing trades. firms and individuals. BTEX commenced trading in U.S. Treasury securities U.S. Treasury securities Interest-bearing obligations if the U.S. government issued by the U.S. Department of the Treasury as a means of borrowing money to meet government expenditures not covered by tax revenues. futures contracts on November 30, 2001. For more information, go to http://www.btecfutures.com |
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