The RapiData Advantage

On March 24th the US Treasury auctioned $42 bn 5-year notes and the results were very poor. The auction closed with a yield of 2.605% vs. an expected 2.565%., one of the largest yield gaps in years. The bid/cover, at 2.55, was the lowest in six months. In the first minute of trading following the announcement, Ten-Year futures fell 28 ticks and traded over 57,000 contracts! In just the first second they fell 9 ticks and traded over 3,200 contracts!

RapiData clients received the entire auction announcement in one easy-to-decode package, which allowed their algorithmic trading systems to react instantly.