31 August 2023Switzerland Reporter: Jamie Richards
The International Capital Markets Association says the service will improve efficiencies in the process of negotiating and managing global master repurchase agreements
Trading during a recent 3-day trial was conducted using a simulated settlement environment, but Finteum plans to support live real money trades by the end of 2023. Natwest and UBS are named as two of 19 banking groups involved in the trial
BrokerTec, the CME-owned fixed income and repo trading platform, has reported a year-on-year rise in US repo ADV to US$292.3 billion, with activity also up 4 per cent MoM on April numbers
SIX claims that on becoming a live participant on CO:RE Repo, BME Clearing is joining a market with a growing appetite for non-CHF currencies and a daily outstanding volume of close to €70 billion
DRW and Societe Generale become latest banks to trade on Broadridge’s Distributed Ledger Repo platform, following first cross-border trades executed in April
Users of BrokerTec Quote, the company’s dealer-to-client request for quote repo trading solution, will now be able to clear euro-denominated securities on the platform with LCH RepoClear
The Boston-based bank has executed its first transactions on Eurex through its Munich-based subsidiary State Street Bank International, making Eurex the first clearing house outside of the US to trade and clear repo for the bank
This change comes in view of improvements in US dollar funding conditions and low demand at recent seven-day maturity US dollar liquidity-providing operations
