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."
BrokerTec Futures Exchange is a designated contract market approved by the CFTC that offers a low-cost solution for the electronic trading of U.S. fixed income financial futures. 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 futures contracts on November 30, 2001.
