BrokerTec Futures Exchange Surpasses 30,000 in Daily Screen-Traded Volume - Sets Records in 10- and 30-year Contracts.Business Editors JERSEY CITY, N.J.--(BUSINESS WIRE)--Nov. 15, 2002 Continuing its string of milestones, 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. , the nation's only fully-electronic fixed income futures exchange, announced that it surpassed 30,000 contracts traded in a single day for the first time and set a record daily screen-traded volume of 31,380 contracts yesterday (November 14th). In addition, BTEX BTEX Benzene, Toluene, Ethylbenzene, and Xylenes (volatile organic compounds) set record volumes in both its 10-year Treasury note and 30-year Treasury bond futures of 13,641 and 12,986 contracts, respectively. "We are pleased that our momentum is sustaining while demonstrating to traders and institutional clients that we offer deep, liquid, competitive markets delivered through superior technology at a low cost," said Hank Mlynarski, President of BTEX. 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 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 www.btecfutures.com. c 2002 BrokerTec Global LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control and its affiliated companies. All rights reserved. BrokerTec is the marketing name for BrokerTec Global, LLC. BrokerTec, the related marks and phrases are trademarks, service marks and logos of BrokerTec Global, LLC in the United States and other countries throughout the world. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion