MTS has record day of repo trading in January
07 February 2019 London
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MTS, the electronic trading platform that is part of London Stock Exchange Group, set a record day for repo trading on 21 January 2019.
Term adjusted volume on that day was close to three-quarters of a trillion euros.
This contributed to new record average daily term adjusted volume on MTS Repo markets of €220 billion for the month of January.
Tim Martins, head of money market product management at MTS, said: “Strong underlying volumes in our day to day funding business were complemented by an increase in longer-term general collateral trading, reflecting a return to risk positioning via repo from some banks.”
He added: “Good term volumes on our GCM, dealer to client repo market mirrored this, with banks increasingly looking to move their client business onto electronic trading venues ahead of the Securities Financing Transactions Regulation reporting go-live dates next year.”
Term adjusted volume on that day was close to three-quarters of a trillion euros.
This contributed to new record average daily term adjusted volume on MTS Repo markets of €220 billion for the month of January.
Tim Martins, head of money market product management at MTS, said: “Strong underlying volumes in our day to day funding business were complemented by an increase in longer-term general collateral trading, reflecting a return to risk positioning via repo from some banks.”
He added: “Good term volumes on our GCM, dealer to client repo market mirrored this, with banks increasingly looking to move their client business onto electronic trading venues ahead of the Securities Financing Transactions Regulation reporting go-live dates next year.”
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