Brokertec Plows Ahead With Repos in Europe
TRANSACTION SYSTEMS
LONDON--Brokertec is currently transacting around 50 billion euros per day in the European repo market, reflecting the move of repo trading to electronic systems.
"Over the last year we’ve been very successful in the repo product area," says Lee Olesky, CEO and president of Brokertec Europe. There has been a big change in fixed income markets, says Olesky, and repos are rapidly moving electronic. Olesky refers to the European repo market as "massive."
A recent survey by the International
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