Tri-Party Repo Platform Aims to Get Short-Term Money Moving

A roll of euros in a padlock

With Basel III requiring banks to hold onto more capital, those institutions are as strapped as ever. The buy side, on the other hand, is sitting on pools of cash. Broker Newedge and European bond trading platform MTS saw last April that the two could help each other.

Together they created the Agency Cash Management (ACM) electronic auction platform for the tri-party repo market. It launched in late January and has been doing deals since.

"The tri-party providers in the past mainly provided bank

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Nasdaq reshuffles tech divisions post-Adenza

Adenza is now fully integrated into the exchange operator’s ecosystem, bringing opportunities for new business and a fresh perspective on how fintech fits into its strategy.

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