22 October 2017
visit www.avoka.com

Electronic repo volume matches voice-brokered business

22 October 2004  |  1849 views  |  0 trading room?

Growth in electronic repo trading accelerated in the six months to June 2004, and now accounts for 24% of total reported business in the EUR4.5 trillion European market, almost equalling the volume that goes through voice-brokers.

The semi-annual survey by the International Securities Market Association (Isma) is based on figures supplied by 81 participating banks. It estimates growth in the repo market at 19% year on year. Most of this growth took place in the six months to June, reflecting recovery in fixed income trading after a slowdown in the latter half of 2003.

The 24% automated dealing estimate includes electronic trading with known counterparties and anonymous deals conducted through a central clearing counterparty (CCP). Isma says the market share of repo deals transacted anonymously on an automated trading system rose sharply over the year to reach 11.6% in June.

For the first time the survey also includes figures on repo turnover supplied directly by the main automated trading systems in Europe. This additional data reveals that electronic systems dominate trading at the very short and more commoditised end of the market where contracts have remaining terms to maturity of one month or less, while direct inter-dealer trading and trading via voice-brokers account for the overwhelming bulk of longer-term and more complex trading activity.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

ESpeed pays £14 million for London's ITSEcco Holdings

ESpeed pays £14 million for London's ITSEcco Holdings

21 October 2004  |  4135 views  |  0 comments
BrokerTalk goes with the 'flow'

BrokerTalk goes with the 'flow'

06 July 2004  |  3807 views  |  0 comments
Isma research shows growth in electronic repo trading

Isma research shows growth in electronic repo trading

17 March 2004  |  3041 views  |  0 comments

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.atos.netRegister now

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
13561 views comments | 17 tweets | 28 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
12483 views comments | 22 tweets | 28 linkedin
satelliteGates Foundation backs Ripple collaboratio...
9612 views comments | 13 tweets | 10 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
9284 views comments | 12 tweets | 23 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8625 views comments | 9 tweets | 18 linkedin

Featured job

Competitive base + commission + benefits
Denmark, Finland, Iceland, Norway or Sweden

Find your next job