Eurex sees rise in repo
18 February 2019 Frankfurt
Image: Shutterstock
Eurex’s repo partnership programme, which aims to increase repo transactions in the interbank market for European government bonds, is already showing initial effects, Eurex revealed.
According to Eurex, daily outstanding volume in special and general collateral (GC) repo in the first six trading weeks of the year is 24 percent above the comparable prior-year period.
Volume in special repos was up 27 percent and that of GC pooling 12 percent year-on-year. Repo trading in federal bonds rose by 17 percent.
In this way, most of the 26 repo partnership banks have become more active in recent months with a large focus on term transactions, Eurex stated.
Eurex explained that as a result, order book activity on Eurex Repo’s F7 has broadened.
Frank Gast, head of funding and financing sales, Eurex, said: “We are glad to see so many participants looking for an additional option to clear their euro Repos within EU27.”
“Trading and clearing activities have increased well beyond the existing 26 partnership banks. We, therefore, expect more participants to join the programme shortly.”
According to Eurex, daily outstanding volume in special and general collateral (GC) repo in the first six trading weeks of the year is 24 percent above the comparable prior-year period.
Volume in special repos was up 27 percent and that of GC pooling 12 percent year-on-year. Repo trading in federal bonds rose by 17 percent.
In this way, most of the 26 repo partnership banks have become more active in recent months with a large focus on term transactions, Eurex stated.
Eurex explained that as a result, order book activity on Eurex Repo’s F7 has broadened.
Frank Gast, head of funding and financing sales, Eurex, said: “We are glad to see so many participants looking for an additional option to clear their euro Repos within EU27.”
“Trading and clearing activities have increased well beyond the existing 26 partnership banks. We, therefore, expect more participants to join the programme shortly.”
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