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TMPG Releases Consultative White Paper on Automated Trading in Treasury Market and Proposes Best Practice Guidance

The TMPG has released a consultative white paper describing the growth of automated trading in the secondary market for Treasury securities, and some of the benefits and risks associated with this evolution. The paper also incorporates proposed updates to TMPG best practice guidance for the Treasury, agency debt and agency mortgage-backed securities (MBS) markets related to automated trading.

TMPG Releases Consultative White Paper on Automated Trading in Treasury Market and Proposes Best Practice pdf
April 9, 2015

White Paper on Automated Trading in Treasury Market pdf
April 9, 2015

TMPG Releases Updated Best Practice Guidance to Address Automated Trading

The TMPG has updated the existing Best Practices for Treasury, Agency Debt, and Agency Mortgage Backed Securities Market by incorporating recommendations related to automated trading in TMPG covered markets. The TMPG believes that these updates will provide guidance for market participants to promote integrity and efficiency of TMPG covered markets in light of the growth in automated trading. The TMPG has also released a final version of the white paper on Automated Trading in Treasury Market that describes the growth of automated trading in the secondary market for Treasury securities, and some of the benefits and risks associated with this evolution.

TMPG Releases Updated Best Practice Guidance to Address Automated Trading pdf June 10, 2015
Best Practices for Treasury, Agency Debt and Agency MBS Markets pdf June 10, 2015
White Paper on Automated Trading in Treasury Market pdf June 10, 2015

QUICK LINKS
  Best Practices
  Treasury Securities Fails Charge Trading Practice
  Agency Debt and Agency MBS Fails Charge Trading Practice
  FAQ: TMPG Fails Charges
  Operational Plans for Various Contingencies for Treasury Debt Payments
  Synopsis of Recommendations
  Liberty Street Economics Blog Post, TMPG: A Consequential First Decade
  FRBNY Staff Report, TMPG: Creation and Early Initiatives

EXTERNAL LINKS
  U.S. Treasury
  Securities Industry and Financial Markets Association
  The Depository Trust and Clearing Corporation
Treasury Fails Data
GCF Repo Index
  International Swaps and Derivatives Association

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