The intraday trade marks the launch of the next phase in the rollout of Broadridge鈥檚 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 鈧10,374.2 billion, a 12.8 per cent rise YoY and 7.2 per cent rise from the June 2022 survey
This growth has been powered by 83 per cent YoY growth in special repo for February to 鈧209.8 billion and a 43 per cent YoY rise in GC Pooling volumes to 鈧111.9 billion
The US electronic trading platform reports growth in average daily trading volume across all asset classes of 21.5% YoY for February to US$1.43 trillion
10 February 2023Switzerland Reporter: Carmella Haswell
ICMA鈥檚 European Repo and Collateral Council has welcomed 19 individuals to form its 2023 committee, including AXA Investment Managers鈥 Charlie Badran, BlackRock Investment Manager鈥檚 Emma Cooper and Eurex Repo鈥檚 Frank Gast
The bilateral swap and repo lines have been established since 2020 to provide euro liquidity to financial institutions via non-euro area central banks in view of the COVID-19 pandemic and Russia鈥檚 invasion of Ukraine
This service aims to enhance the liquidity of a basket of sovereign eurobonds, with issuers including Angola, Egypt and Kenya, and to encourage investments related to the UN鈥檚 Sustainable Development Goals in Africa
05 December 2022Asia-Pacific Reporter: Carmella Haswell
The survey, covering the Asia-Pacific non-Japan region, reveals a 48.3 per cent YoY rise in average daily turnover for repo transactions to US$43 billion, with intra-regional activity rising at the expense of trading with non-APAC counterparties
Repo is the cornerstone of the financial system, a market which has become essential for liquidity and collateral management 鈥 鈥渋f the repo market does not work, none of it works,鈥 said ICMA senior director Andy Hill