Electronic Trading Platform for U.S. Treasuries

In June 2013, NASDAQ OMX acquired eSpeed - an established electronic platform for trading U.S. Treasury Securities, including 2YR, 3YR, 5YR, 7YR, 10YR and 30YR "On the Run" Benchmarks.

Customers benefit from NASDAQ OMX's proven expertise in market technology and operational excellence in U.S. marketplaces combined with eSpeed's pioneering work in the electronic execution of U.S. Treasury securities trading.

 

2014 Initiatives

Platform Details

Connectivity and Order ExecutionFunctionality
eSpeed's proprietary API is a combination of marketplace trading tools, making automated trading faster and more flexible.
  • Several methods of order execution available to support a variety of trading
    • Direct FIX 4.4- the industry standard in connectivity
    • Native API
    • Third party vendors
  • Straight-through processing through FIX or API
  • Ultra low latency connectivity through Co-Location
  • Real-time multicast market data
The fully-electronic NASDAQ OMX eSpeed trading platform features leading functionality based on customer demand:
  • Central Limit Order Book matches customer orders on a Price/Time priority basis for fair and equal market access
  • FIFO market with no "work up"
  • Supports global market trading hours, open 22-23 hours per day
  • Sophisticated risk management tools, which includes pre and post trade risk controls
  • 100% anonymous market

Connectivity, Prime Brokers and ISV Partners

For further information on connectivity options, prime brokerage services and the Preferred Vendor Program, please contact Patrick Troy, NASDAQ OMX Business Development, at +1 312 568 5964 or espeed.sales@nasdaqomx.com

NASDAQ OMX Co-Location

NASDAQ OMX Co-Location Services offers subscribers a unique opportunity to place their own trading systems within NASDAQ OMX data centers. Through our primary data center, firms can access all eight of NASDAQ's U.S. Markets.

  • The NASDAQ Stock Market
  • NASDAQ OMX BX
  • NASDAQ OMX PSX
  • NASDAQ OMX BX Options
  • The NASDAQ Options Market
  • NASDAQ OMX PHLX
  • NASDAQ Futures
  • NASDAQ eSpeed

Close proximity to all NASDAQ OMX U.S.-based market platforms significantly reduces message latencies and network connection costs. Contact Doug Aragones at +1 212 231 5189 or Rich Mitterando at +1 212 401 8788 for more information on how your firm can benefit from Co-Location.

Contact Us

Please note: We will never share your contact information with third parties.

Subscription Form

Complete this form to receive information on eSpeed Transaction Services.

eSpeed Fact Sheet

Disclaimer

Securities-related services for eSpeed are offered through Execution Access, LLC. Member FINRA and SIPC.