Eurex Repo has introduced a new Break Date order type to simplify and standardize month/quarter/year-end trading. Clients can enter an order as a Quote/RfQ or Pre-arranged and automatically generate trades optimized for month/quarter/year-end trading.
“Eurex Repo’s new break date order types help to establish standardized netting dates to simplify balance sheet netting in Europe,” said Greg Morton, UK & EMEA Repo Trading at UBS, in an email.
In addition, Eurex Repo made available a repo balance sheet netting monitor providing members with visibility of their net cash position across their centrally cleared specific ISIN and GC Pooling repos directly on the F7 trading system.
“We have seen significant client activity over the past year on certain settlement dates as clients were looking to manage their balance sheet more efficiently. Our Balance Sheet netting monitor and Break Trade order types were specifically designed to increase transparency, improve efficiency and enhance liquidity,” said Frank Odendall, head of Securities Financing Product & Business Development at Eurex, in an email.