TradeStation launches fifth micro futures product in 2021: Micro Treasury Yield

Rick Steves

“Our smaller, yield-based futures will allow a broader range of customers to access the largest and most liquid market in the world”

TradeStation Securities has launched Micro Treasury Yield futures contracts through CME Group as part of its ongoing expansion of micro futures products.

The subsidiary of Monex Group is a broker-dealer and futures commission merchant that has engaged in making new micro futures contracts available in 2021, with Micro Treasury Yield futures being the fifth this year.

This contract enhances investors’ exposure to the U.S. government bond market. The Micro 2-Year, Micro 5-Year, Micro 10-Year, and Micro 30-Year Yield futures “are cash-settled, traded in yield, and track a single on-the-run security, whereas existing Treasury futures are physically-delivered, traded in price, and track a basket of deliverable securities”, according to CME Group.

John Bartleman, President of TradeStation Group, Inc., TradeStation’s parent company, said: “We have a longstanding relationship with CME Group, and we’re proud to support their Micro Treasury Yield futures launch from day one. As a platform for retail and institutional investors, we’re continuously looking for alternative solutions to provide clients with greater access to futures products. Micro futures products are helping break down the barrier of access and, we believe, are appealing to more traders.”

Micro Treasury Yield futures will be available through the TradeStation desktop platform, web trading, mobile application, as well as the TradeStation FuturesPlus platform, which also features analysis tools, educational offerings and customer service.

Sean Tully, Global Head of Financial and OTC Products at CME Group, commented: “We are pleased TradeStation is supporting the launch of our new Micro Treasury Yield futures. Our smaller, yield-based futures will allow a broader range of customers to access the largest and most liquid market in the world and we look forward to continuing our strong relationship with TradeStation to provide more flexible solutions for our clients.”

TradeStation has recently launched Micro Futures from Eurex, which are at least ten times smaller than the regular products, giving trading participants the opportunity to hedge and gain exposure to the European benchmark indexes with low contract values.

The offering including Micro-DAX and Micro-EURO STOXX 50 futures, which are executed on Eurex Exchange are cleared through Eurex Clearing, which functions as a central counterparty (CCP) for multi-asset class clearing of the above-mentioned exchange-traded product range as well as over-the-counter traded products.

TradeStation Securities is a registered futures commission merchant (FCM), and a member of major stocks, options, and futures exchanges in the United States (Member NYSE, FINRA, SIPC, NSCC, DTC, OCC, and CME).

It was in late 2019 that TradeStation joined the lineup of companies reducing commission for trading of certain assets to zero. The online trading company started offering commission-free trading to customers who use its web and mobile platforms for exchange-listed stocks, options, and exchange-traded funds (ETFs).

It was at that time that other major brokers, such as TD Ameritrade and Charles Schwab, said they were eliminating commissions for trading exchange-listed stocks, options, and ETFs.

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