The enhancements include a direct buy-side access link with LCH RepoClear, added tri-party repo services, and a new collateral optimisation tool.
Broadridge has already completed pilot testing for a blockchian technology solution for the proxy voting and repo market.
For the first time, trade reporting requirements will be imposed on repos and other securities financing transactions.
DTCC aims to bring new players into providing collateral and liquidity to the repo market.
The Repo Order Quote service provides traders with the ability to quote and execute repo trades on aggregate basis.
CCPs are keen to bring asset managers and pension funds into the clearing process, as banks continue to withdraw from the space.
The integrated solution will pair Elixium with Lombard Risk’s flagship collateral management solution, COLLINE.
The DTCC’s Fixed Income Clearing Corporation subsidiary is now live and has executed its first trade between Citadel and Morgan Stanley.
The DTCC’s FICC subsidiary has received approval from the SEC to expand central clearing in the repo market.
IntercontinentalExchange (ICE) is set to launch new interest rate futures contracts which allows short-term financing.