Eurex sees rise in repo 18 February 2019 Frankfurt Reporter: Maddie Saghir
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Eurex鈥檚 repo partnership programme, which aims to increase repo transactions in the interbank market for European government bonds, is already showing initial effects, Eurex revealed.
According to Eurex, daily outstanding volume in special and general collateral (GC) repo in the first six trading weeks of the year is 24 percent above the comparable prior-year period.
Volume in special repos was up 27 percent and that of GC pooling 12 percent year-on-year. Repo trading in federal bonds rose by 17 percent.
In this way, most of the 26 repo partnership banks have become more active in recent months with a large focus on term transactions, Eurex stated.
Eurex explained that as a result, order book activity on Eurex Repo鈥檚 F7 has broadened.
Frank Gast, head of funding and financing sales, Eurex, said: 鈥淲e are glad to see so many participants looking for an additional option to clear their euro Repos within EU27.鈥�
鈥淭rading and clearing activities have increased well beyond the existing 26 partnership banks. We, therefore, expect more participants to join the programme shortly.鈥�
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