Íø±¬³Ô¹Ï

Home   News   Features   Interviews   Magazine Archive   Symposium   Industry Awards  
Subscribe
Íø±¬³Ô¹Ï
Leading the Way

Global Íø±¬³Ô¹Ï Finance News and Commentary
≔ Menu
Íø±¬³Ô¹Ï
Leading the Way

Global Íø±¬³Ô¹Ï Finance News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Industry news
  3. MarketAxess reports 22% YoY increase in matched repo trades in Q3
Industry news

MarketAxess reports 22% YoY increase in matched repo trades in Q3


24 October 2022 UK
Reporter: Carmella Haswell

Generic business image for news article
Image: elenabsl/stock.adobe.com
MarketAxess has revealed a 22 per cent year-over-year increase in matched repo trades for Q3 2022, representing more than 160,000 matched trades across the platform.

The platform recorded a 120 per cent YoY jump in matched lifecycle events to 6500 for Q3 2022, representing an average of 100 matched lifecycle events per day.

It currently supports 57 matching counterparties on its post-trade repo service, with additional buy- and sell-side firms due to go live this quarter.

In terms of match rate, MarketAxess indicates that the top five dealers on its platform are Deutsche Bank, J.P. Morgan, BOFA Íø±¬³Ô¹Ï, BNP Paribas and Goldman Sachs.

In volume terms, the five top dealers are J.P. Morgan, Barclays, BNP Paribas, Nomura and Deutsche Bank.

Commenting on the quarter results, Colleen Stapleton, product manager for match and repo products at MarketAxess, says: “We are pleased to report strong growth and increasing market share in our post-trade repo business in Q3.

“The need for post-trade automation remains crucial for firms requiring the agility and flexibility to thrive in a competitive market. We look forward to continuing to help new and existing clients through our efficient post-trade repo solution.â€
← Previous industry article

LuxSE introduces new post-trade model
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Íø±¬³Ô¹Ï Finance Times
Advertisement
Subscribe today
Knowledge base

Companies in this article
→ J.P. Morgan
→ BNP Paribas
→ MarketAxess

Explore our extensive directory to find all the essential contacts you need

Visit our directory →
Glossary terms in this article
→ Repo

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →