LONDON and NEW YORK, May 28,
2020 /PRNewswire/ -- BrokerTec, a leading provider of
electronic trading platforms and technology services in fixed
income markets, and TriOptima, a leading infrastructure service
that lowers costs and mitigates risk in OTC derivatives markets,
today announced that they have collaborated to deliver the
industry's first end-to-end repo workflow solution for industry
participants. This provides full automation across the lifecycle of
a repo trade.
Connecting the BrokerTec Quote dealer-to-client Request for
Quote (RFQ) trading platform with triResolve enables clients to
enrich a trade from the point of execution with a unique trade
identifier (UTI), before sending it for reconciliation. This means
firms can more easily track and correct any back-office trade and
evaluation mismatches in client systems, before reporting the trade
data to the repository.
"Inefficient repo workflows have long been an operational burden
for the buy-side," said Kate Karimson, Head of Fixed Income
Product, Europe, BrokerTec.
"Creating an end-to-end automated repo workflow solution replaces
previously manual processes and frees up internal resources to
put to work elsewhere."
BrokerTec Quote launched in the second quarter of 2019 and
provides market participants with a more intuitive and efficient
means of trading repo across European Sovereign Debt, UK Gilts,
General Collateral, Supranational and Agencies in the EU 27.
BrokerTec intends to expand the service to US Treasuries and other
product sectors in Q3 2020.
BrokerTec and TriOptima are part of CME Group. For more
information on BrokerTec, visit:
https://www.cmegroup.com/trading/market-tech-and-data-services/brokertec.html. For
more information on TriOptima, visit:
https://www.trioptima.com/
As the world's leading and most diverse derivatives marketplace,
CME Group (www.cmegroup.com) enables clients to trade futures,
options, cash and OTC markets, optimize portfolios, and analyze
data – empowering market participants worldwide to efficiently
manage risk and capture opportunities. CME Group exchanges offer
the widest range of global benchmark products across all major
asset classes based on interest rates, equity indexes, foreign
exchange, energy, agricultural products and metals. The
company offers futures and options on futures trading through the
CME Globex® platform, fixed income trading via BrokerTec and
foreign exchange trading on the EBS platform. In addition, it
operates one of the world's leading central counterparty clearing
providers, CME Clearing. With a range of pre- and post-trade
products and services underpinning the entire lifecycle of a trade,
CME Group also offers optimization and reconciliation services
through TriOptima, and trade processing services through
Traiana.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange,
Globex, and, E-mini are trademarks of Chicago Mercantile Exchange
Inc. CBOT and Chicago Board
of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York
Mercantile Exchange and ClearPort are trademarks of New York
Mercantile Exchange, Inc. COMEX is a trademark of Commodity
Exchange, Inc. BrokerTec, EBS, TriOptima, and Traiana are
trademarks of BrokerTec Europe LTD, EBS Group LTD, TriOptima AB,
and Traiana, Inc., respectively. Dow Jones, Dow Jones
Industrial Average, S&P 500 and S&P are service and/or
trademarks of Dow Jones Trademark Holdings LLC, Standard &
Poor's Financial Services LLC and S&P/Dow Jones Indices LLC, as
the case may be, and have been licensed for use by Chicago
Mercantile Exchange Inc. All other trademarks are the
property of their respective owners. TriOptima AB is regulated
by the Swedish Financial Supervisory Authority for the reception
and transmission of orders in relation to one or more financial
instruments. TriOptima AB is registered with the US National
Futures Association as an introducing broker.
CME-G