A form of short-term borrowing for dealers in government securities, where the dealer sells the government securities to investors, usually on an overnight basis, and buys them back the following day.
These changes were made ahead of the SEC's deadline for mandatory clearing of covered US Treasury cash activity and repo activity, set for 31 March 2025
The new central limit order book will be co-located next to CME Group’s US Treasury futures and options markets to support trading between cash and derivatives markets
Users of the Alternative Market Organizer System can now conduct repo transactions by underlying debt securities, especially sovereign debt instruments
Kyriba customers will be able to access TreasurySpring’s suite of wholesale cash products ranging from collateralised repo from international banks to government securities and corporates