BrokerTec Chicago Set to Revolutionize Trading with October 6 Launch

Wall Street's latest playground arrives next month—just what finance needed: another high-speed venue to separate traders from their sanity.

The Countdown Begins

BrokerTec Chicago throws open its digital doors October 6, bringing institutional-grade crypto trading to the Midwest's financial hub. No more begging coastal exchanges for liquidity—Chicago's stepping up with its own heavyweight platform.

Why This Changes Everything

Forget waiting for New York or Silicon Valley to dictate market moves. BrokerTec's Chicago expansion puts trading power back where it belongs—in the hands of professionals who actually understand risk management. The platform promises tighter spreads, deeper order books, and execution speeds that'll make legacy systems look like dial-up.

Timing Is Everything

Launching right before Q4's volatility typically kicks in? That's no accident. Traders get a shiny new tool right when markets start dancing—because what's finance without perfectly timed chaos?

Another day, another trading venue—but this one might actually make money instead of just moving it between algorithms.

New Central Limit Order Book for U.S. Treasury Trading to Launch Oct. 6

CME Group, the world’s leading derivatives marketplace, announced that Citigroup, J.P. Morgan and Morgan Stanley will be available to trade cash U.S. Treasuries on BrokerTec Chicago when it launches on October 6.

“With leading financial firms on board for day one on BrokerTec Chicago, trading U.S. Treasury futures and cash will be more efficient than ever before,” said Mike Dennis, CME Group Global Head of Fixed Income. “CME Group is in a unique position to bring these markets together, unlocking value for our clients worldwide who want to more precisely hedge their risk amid record debt issuance and ongoing economic uncertainty.”

At launch, clients will be able to trade all seven of BrokerTec’s on-the-run benchmark U.S. Treasuries. To align with the futures market, these products will be available in smaller notional sizes and at tighter price increments. Clients will be able to use their existing connectivity to CME Globex, including the BrokerTec API.

CME Group operates BrokerTec, whose platform for benchmark cash U.S. Treasuries and U.S. and EU repo transactions is the world’s leading marketplace for fixed income trading. In Q1 this year, BrokerTec set an all-time single-day average daily notional volume record of $1.05 trillion across its dealer-to-dealer central limit order book, dealer-to-client request-for-quote and streaming platforms.

CME Group U.S. Treasury futures and options also reached an all-time average daily volume record of 8.8 million contracts in 2025.

BrokerTec Chicago is offered as part of BrokerTec Americas LLC. For more information, visit https://www.cmegroup.com/chicago-CLOB.

Source: CME