BrokerTec’s euro repo volumes smash records
08 April 2021 UK
Image: stock.adobe.com/Thijs Peters
BrokerTec says its Q1 2021 European repo volumes hit an average daily trading volume (ADV) of €286.7 billion, a new high for the trading platform.
In particular, the months of February and March saw new highs of €290.8 billion ADV and €299 billion ADV, respectively. Both figures trumped volumes of €284.7 billion in March 2020 at the start of the pandemic.
Additionally, BrokerTec saw a new all-time nominal record volume day on 1 March — €338.8 billion (single count) — compared to the previous high of €320 billion on 11 March 2020. The previous quarterly high was in Q2 2019 at €282.1 billion.
BrokerTec’s global head John Edwards says: “Last quarter’s record volumes highlight that the short-term repo markets in Europe and the UK continue to function well and demonstrate the robustness of the platform as we continue to see a significant increase in volume traded and order flow.
“As market participants continue to seek the efficient deployment of cash and capital through secured borrowing and lending in the sovereign bond markets, as well as the broader benefits of trading electronically and anonymously, we anticipate this increased activity and customer participation to continue in the weeks and months ahead.”
In particular, the months of February and March saw new highs of €290.8 billion ADV and €299 billion ADV, respectively. Both figures trumped volumes of €284.7 billion in March 2020 at the start of the pandemic.
Additionally, BrokerTec saw a new all-time nominal record volume day on 1 March — €338.8 billion (single count) — compared to the previous high of €320 billion on 11 March 2020. The previous quarterly high was in Q2 2019 at €282.1 billion.
BrokerTec’s global head John Edwards says: “Last quarter’s record volumes highlight that the short-term repo markets in Europe and the UK continue to function well and demonstrate the robustness of the platform as we continue to see a significant increase in volume traded and order flow.
“As market participants continue to seek the efficient deployment of cash and capital through secured borrowing and lending in the sovereign bond markets, as well as the broader benefits of trading electronically and anonymously, we anticipate this increased activity and customer participation to continue in the weeks and months ahead.”
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