Clearstream and 360T launch triparty repo solution
09 January 2013 Frankfurt
Image: Shutterstock
Clearstream and 360T Trading Networks have released a new triparty repo solution through 360T’s front office facilities and Clearstream’s Global Liquidity Hub. The service is expected to go live in Q1 2013.
The new service integrates Clearstream’s collateral management solutions with the trading functionalities of 360T, facilitating corporate clients, hedge funds and asset managers.
The partnership is the latest addition to Liquidity Hub Collect, which is a part of Clearstream’s Global Liquidity Hub, enabling clients to raise liquidity and maximise the use of their collateral.
Stefan Lepp, CEO of the Clearstream Banking, explained that the collaboration has made the Global Liquidity Hub ever more attractive to buy-side customers looking for efficient, transparent and reliable triparty repo solutions.
“We are delighted to be working with 360T which has tremendous expertise in offering services to corporates and we are convinced that together we can add significant value for our mutual customers.”
Carlo Kölzer, CEO at 360T, said: “With the seamless integration of the 360T trading platform and the Global Liquidity Hub, we will enable our clients to benefit from a single trading venue for electronic trading. Moreover the whole product life cycle from price discovery to execution and settlement will be faster, more reliable and fully STP-supported.”
The new service integrates Clearstream’s collateral management solutions with the trading functionalities of 360T, facilitating corporate clients, hedge funds and asset managers.
The partnership is the latest addition to Liquidity Hub Collect, which is a part of Clearstream’s Global Liquidity Hub, enabling clients to raise liquidity and maximise the use of their collateral.
Stefan Lepp, CEO of the Clearstream Banking, explained that the collaboration has made the Global Liquidity Hub ever more attractive to buy-side customers looking for efficient, transparent and reliable triparty repo solutions.
“We are delighted to be working with 360T which has tremendous expertise in offering services to corporates and we are convinced that together we can add significant value for our mutual customers.”
Carlo Kölzer, CEO at 360T, said: “With the seamless integration of the 360T trading platform and the Global Liquidity Hub, we will enable our clients to benefit from a single trading venue for electronic trading. Moreover the whole product life cycle from price discovery to execution and settlement will be faster, more reliable and fully STP-supported.”
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
