Repo transactions are mainly agreed in the OTC market. This can lead to increased levels of operational risk through human error, delayed settlement and verification.
Xtrakter now provides both the buy and sell sides with access to full repo matching and settlement instruction exchange capabilities. It is the only system of its kind in the capital markets.
TRAX – the perfect repo matching solution
Working very closely with the main participants in the European repo market and with the European Repo Council, Xtrakter has defined extended repo matching functionality for TRAX which covers all the main types of repo.
Benefit from:
- Real time repo matching
- Fully integrated buy/sell back matching
- Real-time exchange of standing settlement instructions (SSIs) between counterparties
- Rapid identification of problem repo trades and reduction of failed trades
Coming soon – enhanced repo matching functionality
You will soon be able to match a wider range of index rates and tenors. By adding functionality across markets and counterparties, TRAX will become a truly universal offering for OTC repo transactions.
"Any time an instruction fails in the chain of events it requires somebody to intervene manually. Matching repo trades through TRAX will decrease costs, especially in the back office."
Godfried De Vidts, Chairman of ICMA's European Repo Council
Download our repo matching flyer highlighting key features and benefits