The electronic trading platforms will cover EUR-denominated bonds 鈥 including European government bonds, covered bonds and repo 鈥 US treasuries and Japanese government bonds
The solution is designed to address challenges facing financial firms 鈥 notably firms that want to expand into stock loan and which require the expertise or technology to build out the operational support
The Accelerated Settlement Taskforce report recommends that the UK should aim to move to T+1 no later than the end of 2027 鈥 the government 鈥渇ully endorses鈥 this as firms require sufficient time to prepare for the transition
This integration connects the New York-based bank鈥檚 US$5.25 trillion triparty liquidity pool with the electronic securities financing trading platform鈥檚 US$2 trillion network.