CME Group revealed that its BrokerTec business set a new single-day volume record on 3 March.
CME’s BrokerTec Business Hits New Single-Day Volume Record on March 3rd
The company said the business saw over $1.05 trillion in average daily notional volume (ADNV) traded.
The milestone surpassed February’s ADNV of $909 billion, driven by strong activity across U.S. Treasuries, U.S. and EU Repo, and European Government Bonds.
Among the key figures for 3 March, were the U.S. Repo, which saw an ADNV of $407 billion, marking the second-largest volume day ever.
In addition, the EU Repo ADNV was €350 billion, while the U.S. Treasuries ADNV came in at $137 billion.
“During periods of market uncertainty, clients rely on BrokerTec’s highly liquid benchmark cash Treasuries and Repo markets,” said John Edwards, Global Head of BrokerTec.
“Our record volume was driven by trading activity in our cash Repo dealer-to-dealer central limit order book (CLOB), enabling clients to secure short-term funding, manage collateral efficiently, and mitigate risk in volatile times.”
Edwards also highlighted growth in BrokerTec’s dealer-to-client request-for-quote (RFQ) platform, BrokerTec Quote, and continued momentum in its streaming platform, BrokerTec Stream, as key contributors to the record.
BrokerTec, which is part of CME Group, provides electronic trading solutions for fixed-income markets, offering deep liquidity and efficient execution.
