BrokerTec Furthers Collabotation with LCH RepoClear to Enhances RFQ Trading Solution

BrokerTec​, a leading provider of electronic trading platforms and technology services in fixed income markets, has furthered its partnership with LCH RepoClear to offer clients efficient route to clear Euro-denominated securities with LCH through BrokerTec Quote, the dealer-to-client Request for Quote (RFQ) Repo trading solution.

LCH RepoClear is LCH's market-leading government bond cash and repo clearing service.

Clients of BrokerTec Quote now can seamlessly clear trades in Euro-denominated securities transactions with LCH RepoClear via Sponsored Clearing, creating new opportunities for dealers and clients to trade Euro-denominated Repo with the benefits of a central counterparty.

Sponsored Clearing allows buyside market participants to become direct members of LCH RepoClear and clear their transactions with the dealer of their choice via the sponsorship of an Agent.

"We're delighted to further extend our collaboration with LCH to enhance BrokerTec Quote by offering clients new efficiencies in trading Euro-denominated securities," said John Edwards, Global Head of BrokerTec. "This improved functionality for existing and new clients will help further accelerate trading opportunities on BrokerTec Quote."

"We are pleased to expand our partnership with BrokerTec and further extend the LCH RepoClear Sponsored Clearing ecosystem," added Emmanuel Rolland, COO Repoclear, Collateral and Liquidity Management, LCH SA.