{"id":980267,"date":"2026-07-09T09:38:02","date_gmt":"2026-07-09T13:38:02","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cme-group-to-launch-treasury-link-enhancing-u-s-treasury-spread-trading-between-cash-and-futures-markets\/"},"modified":"2026-07-09T09:38:02","modified_gmt":"2026-07-09T13:38:02","slug":"cme-group-to-launch-treasury-link-enhancing-u-s-treasury-spread-trading-between-cash-and-futures-markets","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cme-group-to-launch-treasury-link-enhancing-u-s-treasury-spread-trading-between-cash-and-futures-markets\/","title":{"rendered":"CME Group to Launch Treasury Link, Enhancing U.S. Treasury Spread Trading Between Cash and Futures Markets"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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– New functionality will make interest rate trading more efficient for\u00a0CME Group global market participants<\/p>\n

\n CHICAGO<\/span>, July 9, 2026<\/span> \/PRNewswire\/ — CME Group, the world’s leading derivatives marketplace, today announced that it will launch Treasury Link, an industry-first functionality to seamlessly connect the world’s largest U.S. Treasury futures and cash liquidity pools. The new service will enable transparent, centralized spread trading between CBOT Treasury futures and BrokerTec cash Treasuries on CME Globex and is expected to launch in Q4 2026, pending regulatory review.<\/p>\n

Leveraging proven\u00a0FX Link<\/a> technology, Treasury Link will allow market participants to transact the differential between futures and cash markets via a single submission. This will eliminate legging risk and allows clients to manage their exposure via a single spread for the first time.<\/p>\n

“Treasury Link will connect the cash and futures markets in a way that wasn’t possible before \u2014 delivering faster, more efficient execution to market participants and unlocking new spread trading opportunities across fixed income,” said Mike Dennis, Global Head of Fixed Income at\u00a0CME Group. “This functionality offers improved execution performance, pairing with CME Group Capital efficiencies which total $27 billion across cash, futures and swaps.”<\/p>\n

“As a leading liquidity provider in U.S. Treasuries, we welcome initiatives that bring greater execution efficiency and transparency to the market,” said Jamie\u00a0Mortimore, Global Head Rates E-Trading at Citi. “Treasury Link will complement our existing capabilities, helping us to manage risk more effectively and improve the liquidity we can extend to our global client base.”<\/p>\n

“The introduction of Treasury Link removes a significant variable \u2014 legging risk \u2014 from the equation, and represents a major leap forward in market structure efficiency,” said Reed\u00a0Staub, Head of NA Futures Execution, Morgan Stanley.<\/p>\n

CME Group’s Fixed Income complex continues to see strong levels of trading volume and participation. H1 2026 highlights include:<\/p>\n