Brokertec Sees Record Volumes In European Repos, Adds Allocator
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LONDON--Brokertec officials say volumes in the European repo market are consistently increasing, five months after the firm launched trading here. The company attributes last week’s record volume partly to the recently launched General Collateral Allocator.
On May 8, Brokertec’s order-driven electronic fixed-income trading system recorded nearly 34 billion euros’ worth of repo business on a single count basis, a new daily record for the company, says Lee Olesky, chief executive officer and
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