Brokertec Claims 17 Percent of Eurex Basis Trading After Just Six Months
TRANSACTION SYSTEMS
LONDON--Brokertec, the electronic fixed income trading system backed by a consortium of 14 of the biggest banks in the world, claims to have captured 17 percent of Eurex basis trading just six months after launching its system--and it is going great guns on repos as well.
Brokertec did 17 percent of the basis trading on the Eurex cross border electronic derivatives market on Jan. 16, which is about what the system is averaging each day. Late last year its market share crept up to around 20
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