Exchange InformationThe TT Fenics Gateway connects to BGC Partner's Fenics U.S. Treasury (UST) electronic trading platform. BGC Partners is a global inter-dealer broker that provides integrated voice and electronic brokerage services including price discovery, trade execution, straight-through processing, and clearing and settlement to wholesale market participants worldwide. BGC is active in the global fixed income, rates, foreign exchange, equity derivatives, credit derivatives, futures and structured product markets.
The Fenics Gateway supports trading of all On-The-Run U.S. Treasury Bonds products (e.g., 10 year OTR) and When-Issued contracts available for trading on the Fenics UST platform.
Trading Hours are: Monday through Friday, 5:50 PM - 5:35 PM Eastern Time (NY)
Supported Exchange Functionality
The following lists exchange functionality that TT currently supports:
- Fenics products with a ticking of 1/16 of 1/32
- Rolling contracts
Unsupported Exchange Functionality
The following lists exchange functionality that TT does not currently support:
- OTC and block orders
The following are the Fenics U.S. Treasury trading platform market states per instrument:
|Market State in X_TRADER||Description||Exchange Market State|
The instrument is temporarily disabled from trading. All open orders are cancelled and new orders are rejected.
|Open||Orders are accepted and matched. Prices update based on market activity.||T (Trading)|
|Non-Tradeable||The instrument is not available to trade. Orders are rejected by the TT Gateway and no prices are available||N (Non-Tradeable)|