DBV-X to go live in 2015
19 May 2015 London
Image: Shutterstock
DBV-X, a new EU-regulated marketplace for collateral and secured deposits, is set to go live in Europe later this year.
Focused solely on funding and collateral needs, DBV-X will offer market participants what it calls “cost-efficient and rapid access to a diverse range of counterparties and high-quality liquid assets”.
All participants sign a single standard legal agreement to join the platform and have full control over the products and counterparties used, thereby enabling a peer-to-peer market to grow.
The platform will offer full pre-trade counterparty anonymity, price transparency and a choice of execution models.
Market participants will be able to trade automatically within their risk limits to access a wide range of standardised liquid general collateral ‘baskets’, encompassing a broad spectrum of eligible assets including government and corporate bonds.
This enables customers to invest or raise cash against collateral, perform collateral upgrades or generate additional yield according to their individual investment, funding and margin requirements.
DBV-X is free to join and is open to corporates, asset managers, pension funds, insurance companies, hedge funds, brokers, dealers and banks.
Using standardised products and processes, these firms will have access to a range of maturities, currencies and collateral options, with a choice of triparty or central counterparty-cleared trades. It aims to go live in the Q4 2015.
Euroclear has been appointed to act as the platform’s triparty agent in Europe.
Jo Van de Velde, managing director and head of product management at Euroclear, commented: “We would like to congratulate DBV-X on the launch of their electronic trading platform and are delighted that DBV-X have chosen Euroclear as the market’s triparty agent.”
“By connecting with Euroclear’s Collateral Highway, DBV-X’s clients will have fast, efficient and open access to a growing community of counterparties and an ever growing pool of collateral and deposits for trading, margin and funding requirements.”
Focused solely on funding and collateral needs, DBV-X will offer market participants what it calls “cost-efficient and rapid access to a diverse range of counterparties and high-quality liquid assets”.
All participants sign a single standard legal agreement to join the platform and have full control over the products and counterparties used, thereby enabling a peer-to-peer market to grow.
The platform will offer full pre-trade counterparty anonymity, price transparency and a choice of execution models.
Market participants will be able to trade automatically within their risk limits to access a wide range of standardised liquid general collateral ‘baskets’, encompassing a broad spectrum of eligible assets including government and corporate bonds.
This enables customers to invest or raise cash against collateral, perform collateral upgrades or generate additional yield according to their individual investment, funding and margin requirements.
DBV-X is free to join and is open to corporates, asset managers, pension funds, insurance companies, hedge funds, brokers, dealers and banks.
Using standardised products and processes, these firms will have access to a range of maturities, currencies and collateral options, with a choice of triparty or central counterparty-cleared trades. It aims to go live in the Q4 2015.
Euroclear has been appointed to act as the platform’s triparty agent in Europe.
Jo Van de Velde, managing director and head of product management at Euroclear, commented: “We would like to congratulate DBV-X on the launch of their electronic trading platform and are delighted that DBV-X have chosen Euroclear as the market’s triparty agent.”
“By connecting with Euroclear’s Collateral Highway, DBV-X’s clients will have fast, efficient and open access to a growing community of counterparties and an ever growing pool of collateral and deposits for trading, margin and funding requirements.”
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