Cantor Fitzgerald Securities Corp. has launched an online system for tri-party repurchase obligation (REPO) agreements. The system, called Safetycash, gives money managers direct access to REPO transactions from their IBM-compatible PCs via dialup phone line.
Safetycash links the investor with a custodian bank -- currently Bank of New York, with Manufacturers Hanovers Trust Co. to join shortly. The third party to the deal is Cantor, which provides collateral at fixed rates.
Although such prim
Bill Murphy, CTO of Blackstone, once again joins the podcast to discuss the private equity firm's new offices, designed to house its innovations team.Subscribe to Weekly Wrap emails