FTSE Russell and ICE Benchmark Administration are interested in developing the rate.
Frontier and emerging markets investors will have electronic access to US bond markets.
The new Open Trading protocol is another step in automating fixed income.
BrokerTec Quote will be available for European sovereigns, UK gilts, supranational and agencies in the EU27.
Securities Financing Transaction Regulation is due to go live next April.
Bond-i was the first to be created, allocated, transferred and managed through its life cycle using DLT.
The shorter contract will allow management of exposures for interest rate and curve shape moves.
Money will go to expand Trumid’s US corporate bond business and for protocol and product expansion.
Direct connectivity should capture large block trades and lessen information leakage.
