BrokerTec Adds US Repo Trading
BrokerTec has added U.S. Repos to its dealer-to-client RFQ trading platform, BrokerTec Quote. The platform was originally launched for European Repo, European sovereign debt and UK gilts Repo in June 2019.
"Repo market participants are increasingly focused on efficiencies, which is driving greater electronification of overnight and short-term lending markets amid increasing economic uncertainty," said John Edwards, Global Managing Director, BrokerTec. "BrokerTec Quote and its enhanced RFQ functionality will meet this demand by enabling clients in the U.S. to more effectively manage positions and access liquidity, whilst automating their end-to-end repo execution workflow."