In the US, growth was driven by the lasting effects of the Fed’s balance sheet unwind, combined with balances still remaining relatively low at the reverse repo facility
The total value of repos and reverse repos still outstanding on the books of participants fell back 2.3 per cent year-on-year, according to the semi-annual survey
The companies say the successful collaboration demonstrates greater efficiency in bringing liquidity and risk reduction to US and European financial markets
Users of the Alternative Market Organizer System can now conduct repo transactions by underlying debt securities, especially sovereign debt instruments
The new platform will initially support fixed income repo and global funding services following the firm’s recent approval as an FICC clearing member