BrokerTec Chicago US Treasury CLOB launch date set
27 June 2025 US
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CME Group has confirmed the official launch date for its recently announced BrokerTec Chicago.
Set to go live on 15 September, BrokerTec Chicago is a secondary US Treasury actives central limit order book (CLOB) on CME Globex.
It will be operated by BrokerTec Americas and located in the CME futures and options data centre in Aurora.
BrokerTec Chicago is designed to enable clients to efficiently manage their cash versus futures trading with greater precision.
The products are tailored for cash versus futures trading with tighter price and contract notional values aligning with futures, the firm says, which differentiates this new venue from the existing BrokerTec US Treasury actives market CLOB.
The new products offered with BrokerTec Chicago replicate the existing BrokerTec UST active instruments with similar contract size.
The notional values for one lot size equivalents are US$100,000 (5yr, 7yr, 10yr, 20yr, and 30yr) and US$200,000 (2yr and 3yr) and the products have a price precision of 9 decimals (1/16 of a 32nd).
Clients with listed derivatives connectivity can access BrokerTec Chicago with existing cross-connects.
Those using BrokerTec Secaucus (GLink and EConnnect) connectivity can access BrokerTec Chicago, but require additional CME network and client-side configurations.
Set to go live on 15 September, BrokerTec Chicago is a secondary US Treasury actives central limit order book (CLOB) on CME Globex.
It will be operated by BrokerTec Americas and located in the CME futures and options data centre in Aurora.
BrokerTec Chicago is designed to enable clients to efficiently manage their cash versus futures trading with greater precision.
The products are tailored for cash versus futures trading with tighter price and contract notional values aligning with futures, the firm says, which differentiates this new venue from the existing BrokerTec US Treasury actives market CLOB.
The new products offered with BrokerTec Chicago replicate the existing BrokerTec UST active instruments with similar contract size.
The notional values for one lot size equivalents are US$100,000 (5yr, 7yr, 10yr, 20yr, and 30yr) and US$200,000 (2yr and 3yr) and the products have a price precision of 9 decimals (1/16 of a 32nd).
Clients with listed derivatives connectivity can access BrokerTec Chicago with existing cross-connects.
Those using BrokerTec Secaucus (GLink and EConnnect) connectivity can access BrokerTec Chicago, but require additional CME network and client-side configurations.
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