TradeStation launches fifth micro-futures product in 2021: Micro Treasury Yield
“Our smaller, yield-based futures contracts will allow a wider range of clients to access the world’s largest and most liquid market.”
TradeStation Securities has launched futures on Micro Treasury Yield through CME Group as part of its continued expansion of micro futures.
The Monex Group subsidiary is a futures broker and commissioner committed to making new micro-futures available in 2021, with Micro Treasury Yield futures being the fifth this year.
This contract strengthens investors’ exposure to the US government bond market. Micro 2-Year, Micro 5-Year, Micro 10-Year and Micro 30-Year futures “are cash settled, yield traded and track a single outstanding security, while existing Treasury futures are physically delivered,” traded at the price, and track a basket of deliverable securities, ”according to CME Group.
John Bartleman, President of TradeStation Group, Inc., the parent company of TradeStation, said: “We have a long-standing relationship with CME Group and are proud to support the launch of their Micro Treasury Yield futures contract from the very first. day. As a platform for retail and institutional investors, we are constantly looking for alternative solutions to provide clients with better access to futures products. Microproducts ultimately help break down the barrier to access and we believe attract more traders. “
Micro Treasury Yield futures will be available through the TradeStation desktop platform, online trading, mobile app, as well as the TradeStation FuturesPlus platform, which also offers analytical tools, educational offerings. and customer service.
Sean Tully, Global Head of Financial and OTC Products at CME Group, said: “We are delighted that TradeStation is supporting the launch of our new Micro Treasury Yield futures. Our smaller, yield-based futures will allow a wider range of clients to access the world’s largest and most liquid market and we look forward to continuing our strong relationship with TradeStation to provide more flexible solutions. to our customers.
TradeStation recently launched Eurex Micro Futures, which are at least ten times smaller than regular products, giving trading participants the opportunity to hedge and gain exposure to European benchmarks with low contract values. .
The offering, including the Micro-DAX and Micro-EURO STOXX 50 futures contracts, which are executed on Eurex Exchange, is cleared by Eurex Clearing, which functions as a central counterparty (CCP) for multi-class clearing of assets of the aforementioned exchange-traded product. range as well as products traded over-the-counter.
TradeStation Securities is a Registered Futures Trader (FCM) and a member of the major stock, options and futures exchanges in the United States (NYSE, FINRA, SIPC, NSCC, DTC, OCC and CME member) .
It was at the end of 2019 that TradeStation joined the list of companies reducing trading commissions for certain assets to zero. The online trading company has started offering commission-free exchanges to clients who use its web and mobile platforms for publicly traded stocks, options, and exchange-traded funds (ETFs).
It was around this time that other big brokers, such as TD Ameritrade and Charles Schwab, said they were removing commissions for trading stocks, options and publicly traded ETFs.