Tullet, CME Push Eurodollar Matching
CONNECTIVITY
NEW YORK-Interdealer broker Tullett Liberty and the Chicago Mercantile Exchange (CME) have devised a matching capability designed to ease the counterparty exposure that can result from the trading of three-month Eurodollar futures.
Through a joint venture, Tullett is launching an electronic trade-matching tool, TLfast, which links to the CME’s Globex trading platform. Users will pass orders from TLfast to Globex for a weekly, multi-lateral matching process that the CME and Tullett hope is a vast
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