Fenics U.S. Treasuries (“Fenics UST”) is a fully electronic U.S Government securities (“USTs”) trading venue owned and operated by BGC Financial, L.P. (“BGC”). Fenics UST operates a Central Limit Order Book (“CLOB”). Subscribers to the platform are banks, broker-dealers, professional trading firms (PTFs) and institutional investors.
The CLOB will compete with well-entrenched incumbents in a marketplace designed for low-latency hedgers and arbitrageurs utilizing the tightest tick size in the U.S. Treasury Market, 1/16th of 1/32nd.
Fenics UST is the fastest, most stable, and most reliable ultra-low latency matching engine in the cash UST marketplace. All modern forms of electronic connectivity are supported, including binary protocol, FIX protocol and high-speed internet access with secured VPN.
TT® supports the following:
TT supports trading of all On-The-Run U.S. Treasury instruments will trade in increments of 1/16th of 1/32nd.
The following lists exchange functionality that TT currently supports:
TT does not currently support Fenics OTC and block orders.
Trading Hours: Sunday evening through Friday, 6:30 PM - 5:35 PM Eastern Time (NY)
The TT® platform provides connectivity to the exchange, so you do not have to contact the exchange regarding connectivity options. Refer to TT Access for more details about your connectivity options for connecting to TT.