ESpeed and Cbot to create combined cash and futures market

ESpeed and Cbot to create combined cash and futures market

Espeed is to offer split-screen trading in Chicago Board of Trade futures contracts over its electronic bond system.

The agreement will provide customers with the ability to trade both cash and futures through eSpeed's new SuperQuad 5.0 technology release.

ESpeed says SuperQuad 5.0 will enable traders to access the market's liquidity for benchmarks, off-the-runs, spreads and now futures, in addition to a broad range of other fixed income products, on a single screen. The platform is currently being distributed globally, with over 500 users already having upgraded to the new application.

ESpeed competitor BrokerTec Global already offers a single window to both the futures and cash markets for US treasuries, but its derivatives trading volumes pale in comparison to the numbers pushed through the Cbot's a/c/e system.

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