The NASDAQ Fixed Income (NFI) electronic trading platform (formerly eSpeed) provides real-time institutional trading of benchmark U.S. Treasury Securities, one of the largest and most liquid fixed-income cash markets in the world. The NFI trading business further diversifies NASDAQ OMX’s revenue stream by expanding substantially into the U.S. Fixed Income Markets.
NFI provides First-in, First-out (FIFO) matching for all products.
TT connects to the following NFI APIs:
NFI currently offers 2, 3, 5, 7, 10 and 30 year On-the-Run (OTR) US Treasury Notes and Bonds.
In addition, the exchange also provides WI (When-Issued), OLD (Off-The-Runs), FRNs (Floating Rate Notes) and WI-OTR Rolls.
TT supports most NFI functionality including:
Note: Increases to quantity results in the extra quantity being placed at the end of the queue. The order will still have one single orderID even if there is size at multiple positions in the queue.
TT does not support the following:
The new NFI platform provides the following trading hours:
The TT® platform supports connectivity to the exchange, so you do not have to contact the exchange regarding connectivity options.