Eurex adds first broker to bond platform

Eurex adds first broker to bond platform

Tradition Securities and Futures (TSAF) has become the first interdealer broker to join Eurex's electronic bond dealing system.

Eurex expanded its admission framework for its government bond trading system earlier this year and in addition to banks trading on the platform, the company is now focusing on adding more brokers and proprietary trading companies to the system.

The exchange says the traditional division between interbank trading and proprietary trading is disappearing due to the success of over-the-counter electronic bond trading, and so it is becoming increasingly important to tap into new participant groups.

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