BrokerTec and TriOptima join forces on end-to-end repo workflow solution

Maria Nikolova

This solution provides full automation across the lifecycle of a repo trade.

Provider of electronic trading platforms and technology services BrokerTec and infrastructure service TriOptima today announce that they have joined forces to deliver an end-to-end repo workflow solution for industry participants. This provides full automation across the lifecycle of a repo trade.

The combination of the BrokerTec Quote dealer-to-client Request for Quote (RFQ) trading platform and triResolve enables clients to enrich a trade from the point of execution with a unique trade identifier (UTI), before sending it for reconciliation. Thanks to thus, firms can more easily track and correct any back-office trade and evaluation mismatches in client systems, before reporting the trade data to the repository.

Kate Karimson, Head of Fixed Income Product, Europe, BrokerTec, commented:

“Inefficient repo workflows have long been an operational burden for the buy-side. Creating an end-to-end automated repo workflow solution replaces previously manual processes and frees up internal resources to put to work elsewhere.”

BrokerTec Quote launched in the second quarter of 2019 and provides market participants with a more intuitive and efficient means of trading repo across European Sovereign Debt, UK Gilts, General Collateral, Supranational and Agencies in the EU 27. BrokerTec aims to expand the service to US Treasuries and other product sectors in the third quarter of 2020.

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