BrokerTec Unveils Dealer-to-Client Execution Platform for U.S. Repo Markets

BrokerTec, a part of CME Group, unveiled its dealer-to-client request for quote (RFQ) trading platform, BrokerTec Quote, is now available to the U.S. repo market through BrokerTec Americas, LLC.  

BrokerTec Quote provides market participants trading Euro Sovereign Debt, UK Gilt Repo, and US Treasury Repo with a new, enhanced RFQ capability, providing a more intuitive and efficient means of trading.

The clients of BrokerTec Quote will be able to enjoy the benefits of improving dealer-to-client relationships and RFQ workflow.

Additionally, the service allows users to automate their audit trail from start to finish and access BrokerTec Analytics, which provides clients with historical and individual trade performance data to better understand the cost to trade and inform future trading decisions, according to the company.

John Edwards, Global Managing Director at BrokerTec, remarked:"Repo market participants are increasingly focused on efficiencies, which is driving greater electronification of overnight and short-term lending markets amid increasing economic uncertainty. BrokerTec Quote and its enhanced RFQ functionality will meet this demand by enabling clients in the U.S. to more effectively manage positions and access liquidity, whilst automating their end-to-end repo execution workflow."

About BrokerTec

BrokerTec is a leading provider of electronic trading platforms and technology services in fixed income markets, which offers three trading platforms to access fixed income markets, each designed to meet client's specific trading needs.