The income return on an investment, such as the interest or dividends received, expressed as a percentage of the investment鈥檚 cost or current market value.
The move aims to allow institutional users the additional choice to hold USYC and cUSDO off-exchange, access to the Binance platform, and receive yield on their pledged collateral
The firm鈥檚 overall average daily notional value for June was US$931 billion, up 19 per cent year-on-year, according to John Edwards, global head of BrokerTec, CME Group
This is said to help transform assets to high-quality balance collateral, and will allow clients to automate the use of money market funds (MMF) in triparty transactions