A form of short-term borrowing for dealers in government securities, where the dealer sells the government securities to investors, usually on an overnight basis, and buys them back the following day.
The increase in activity underscores the platform’s expanding role in transforming the global repo market through the use of distributed ledger technology, the firm says
BrokerTec's overall ADNV for September was US$961 billion, up 16 per cent YoY across benchmark cash US Treasuries, European government bonds and US and EU repo
This decision follows a recent move by the People’s Bank of China to allow overseas institutional investors already investing in China’s bond markets to participate in the onshore repo business