Â鶹´«Ã½

Home   News   Features   Interviews   Magazine Archive   Symposium   Industry Awards  
Subscribe
Â鶹´«Ã½
Leading the Way

Global Â鶹´«Ã½ Finance News and Commentary
≔ Menu
Â鶹´«Ã½
Leading the Way

Global Â鶹´«Ã½ Finance News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Repo news
  3. BrokerTec launches dealer-to-client execution platform
Repo news

BrokerTec launches dealer-to-client execution platform


28 October 2020 New York
Reporter: Drew Nicol

Generic business image for news article
Image: Elnur.adobe.stock.com
BrokerTec, a provider of electronic trading platforms and part of CME Group, has unveiled a dealer-to-client request-for-quote (RFQ) trading platform, BrokerTec Quote, for the US repo market.

The platform, hosted by BrokerTec Americas, aims to offer a way to more-effectively manage positions and access liquidity while also automating the end-to-end repo execution workflow, says John Edwards, global managing director at BrokerTec.

It will additionally automate the entire audit trail and offer access to BrokerTec Analytics, which provides clients with historical and individual trade performance data to better understand the cost to trade and inform future trading decisions.

Clients using BrokerTec Quote will benefit from the ability to enhance existing dealer-to-client relationships and RFQ workflow, says BrokerTec.

"Repo market participants are increasingly focused on efficiencies, which is driving greater electronification of overnight and short-term lending markets amid increasing economic uncertainty," adds Edwards.

The launch comes shorty after, collaborated to deliver the market’s first end-to-end repo workflow solution, aimed at providing mutual buy-side clients with automation across the life cycle of a transaction.

The partnership between the two CME Group subsidiaries connects BrokerTec Quote with TriOptima’s triResolve to provide a straight-through processing link for users to better manage repo transaction data.


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 Â鶹´«Ã½ Finance Times
Advertisement
Subscribe today
Knowledge base

Explore our extensive directory to find all the essential contacts you need

Visit our directory →
Glossary terms in this article
→ Liquidity
→ Repo

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →