BrokerTec launches European repo markets solution
22 May 2019 London
Image: Shutterstock
BrokerTec has launched BrokerTec Quote, a new dealer-to-client request for quote (RFQ) trading solution for the European repo market.
The new solution will provide market participants trading European repo with a new enhanced RFQ capability, providing more efficiency.
This will enable participants to make more informed trading decisions and will provide significant enhancements to negotiation and execution.
Clients using BrokerTec will also be able to use BrokerTec Analytics, which provides clients with individual trade performance and historical data to inform future trading decisions.
Additionally, BrokerTec Quote will be available for the trading of European Sovereign Debt, UK Gilts along with Supranational and Agencies in the EU27.
Meanwhile, future enhancements are expected to include US Treasuries and several major sovereign bond markets including Australian and Japanese Bonds.
John Edwards, managing director of BrokerTec Europe, commented: “The development of RFQ functionality and launch of the new BrokerTec Quote segment is the next extension to our existing, market-leading dealer-to-dealer repo platform.”
“This new service will leverage the existing regulated platforms in the UK and the Netherlands for the EU27 and offers meaningful opportunities for the dealer community on BrokerTec by delivering significant efficiencies and enhanced execution services in the dealer-to-client space via an RFQ protocol.”
The new solution will provide market participants trading European repo with a new enhanced RFQ capability, providing more efficiency.
This will enable participants to make more informed trading decisions and will provide significant enhancements to negotiation and execution.
Clients using BrokerTec will also be able to use BrokerTec Analytics, which provides clients with individual trade performance and historical data to inform future trading decisions.
Additionally, BrokerTec Quote will be available for the trading of European Sovereign Debt, UK Gilts along with Supranational and Agencies in the EU27.
Meanwhile, future enhancements are expected to include US Treasuries and several major sovereign bond markets including Australian and Japanese Bonds.
John Edwards, managing director of BrokerTec Europe, commented: “The development of RFQ functionality and launch of the new BrokerTec Quote segment is the next extension to our existing, market-leading dealer-to-dealer repo platform.”
“This new service will leverage the existing regulated platforms in the UK and the Netherlands for the EU27 and offers meaningful opportunities for the dealer community on BrokerTec by delivering significant efficiencies and enhanced execution services in the dealer-to-client space via an RFQ protocol.”
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