DMG, HSBC, Aubrey Lanston Take Their Chances On Automated Government Repo Trade System
REAL-TIME APPLICATIONS
The situation begs the question: Why didn't traders on the government repurchase agreement, or repo, desks at Aubrey Lanston, a dealer in US Treasury securities, move to a computerized system sooner?
Believe it or not, even though almost all other areas of securities trading have embraced technology, "only recently have computers entered into the repo market," explains Jerry Pucci, Aubrey Lanston's general collateral manager.
It was only three years ago that the repo traders at Aubrey Lanston
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