BrokerTec launches a specialized trading solution for European Repo markets

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BrokerTec is a provider of different technology services in fixed income markets and electronic trading platforms. The company is launching a trading solution tool for European Repo markets called BrokerTec Quote RFQ. RFQ stands for Request for Quote.

According to press, the new tool will be launched in the second quarter of 2019, of course, after regulatory clearance. The Quote will enable market participants who trade European Repo to have better and enhanced Request for Quote “experience”. The whole idea is to make the process more efficient and smooth for all trading participants. In addition, as a result of the new tool, the processes of execution and negotiation will be enhanced as well.

The BrokerTec Quote will be made available for the trading of EU Sovereign Debt, UK Gilts and Supranational and Agencies in the EU27.According to press, the improvements made will also include US Treasuries and sovereign bond markets such as Japanese Government Bonds and Australian ones.

The Managing Director of BrokerTec Europe commented:

The development of RFQ functionality and launch of the new BrokerTec Quote segment is the next extension to our existing, market leading dealer-to-dealer Repo platform. This new service will leverage the existing regulated platforms in the UK and the Netherlands for the EU27 and offers meaningful opportunities for the dealer community on BrokerTec by delivering significant efficiencies and enhanced execution services in the dealer-to-client space via an RFQ protocol.

In addition to the new trading tool, the clients who will use BrokerTec Quote will be able to access a new analytics tool called BrokerTec Analytics. The analytics tool will provide clients with information about their trading performance and historical transaction data.

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