Eurex Clearing clears first repo trades on BrokerTec
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Eurex Clearing clears first repo trades on BrokerTec 14 December 2018Frankfurt Reporter: Jenna Lomax
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Eurex Clearing has cleared the first repo transactions received from BrokerTec, an anonymous dealer-to-dealer platform for the fixed income markets.
The new connection means BrokerTec clients can now choose Eurex Clearing as a central counterparty for clearing Euro repos.
According to Eurex Clearing, customers choosing to clear repo transactions through Eurex Clearing are able to realise capital and margin efficiencies through balance sheet netting and collateral re-use.
In October, Eurex Clearing revealed plans to expand its partnership programme to cover the repo segment.
So far, 24 institutions have registered for the programme extension.
As in the interest rate derivatives segment, Eurex said it intends to share a significant portion of the economic success and open up governance.
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