The technology solutions provider Broadridge has introduced a repo electronic trading system, known as repo order quote (ROQ), designed to view liquidity and pricing across multiple electronic marketplaces.
ROQ allows repo traders to see demand and availability for each term, security or basket of general collateral securities.
The system also enables traders to quote and execute on an aggregate basis.
Broadridge promises ROQ provides a competitive advantage by helping repo traders implement their trading strategies more effectively via real-time inventory optimisation and revenue analysis tools.
The solution is now in use with a major European bank.
Jerry Friedhoff, head of securities finance and collateral management business at Broadridge, said: “The Repo Order Quote solution is a great example of Broadridge bringing real technology-led enhancements to capital markets clients, helping them get ahead of today’s challenges and capitalize on tomorrow’s opportunities.”
Friedhoff added: “ROQ also enables repo desks to automate their trading activities via our unique combination of algorithmic execution and global inventory."
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