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
The intraday trade marks the launch of the next phase in the rollout of Broadridge’s Distributed Ledger Repo platform, which was first launched in June 2021
The Bank of England will increase the frequency of seven-day maturity US dollar repo operations from weekly to daily, commencing on Monday 20 March 2023, as markets react to Credit Suisse troubles
The total value outstanding of repos and reverse repos on the books of 61 institutions that took part in the survey hits a record high of €10,374.2 billion, a 12.8 per cent rise YoY and 7.2 per cent rise from the June 2022 survey