BrokerTec Unveils New RFQ Trading Solution, BrokerTec Quote

BrokerTec, a provider of trading and technologies services for the fixed income segment, has launched a new tool for the European Repo market. BrokerTec Quote represents the company’s newest rollout that is a dealer-to-client Request for Quote (RFQ) solution.

BrokerTec Quote is slated to be available for the trading of European Sovereign Debt, UK Gilts, and other instruments. The launch is tentatively scheduled for Q2 2019, pending required regulatory approvals.

New extension

Of note, BrokerTec Quote constitutes an emphasis on a newly enhanced RFQ capability. This is important as it helps provide more intuitive and efficient means of trading for market participants.

John Edwards, Managing Director of BrokerTec Europe, explained the new solution in greater detail. “The development of RFQ functionality and launch of the new BrokerTec Quote segment is the next extension to our existing, market leading dealer-to-dealer Repo platform.”

Despite a wide range of trading instruments in focus, BrokerTec Quote will also be targeting future enhancements such as US Treasuries and several major sovereign bond markets. This will include both Australian and Japanese Government Bonds.

“This new service will Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term the existing regulated platforms in the UK and the Netherlands for the EU27 and offers meaningful opportunities for the dealer community on BrokerTec by delivering significant efficiencies and enhanced execution services in the dealer-to-client space via an RFQ protocol,” he added.

BrokerTec is hoping its new Quote solution will help strengthen informed trading decisions in regards to the European repo market. It's RFQ functionality was engineered to provide significant enhancements to negotiation and execution.

Clients using BrokerTec Quote will also look to benefit from access to BrokerTec Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term. This service reflects the group’s new analytics utility designed to optimize future trading decision making. This includes a focus on trade performance and historical data, among others.