Pan-European government securities platform MTS introduced a repo trading Internet link to its Money Market Facility, Securities Industry News reported this week.
MTS serves 1200 market participants and averages more than EUR 85 billion in total daily transactions. MTS said institutions “have expressed strong interest in trading the full range of European repo products via a light technical solution.”
The offering culminates several months of technical improvements since the September launch of MTS’s MMF repo market and comes amid both growth in the asset class and efforts among banks active in the area such as Barclays Capital, interdealer brokerages, Bloomberg, Thomson TradeWeb and others to strengthen their technological, electronic trading and multiproduct capabilities, Securities Industry News reported.