MTS, one of Europe’s premier fixed income trading venues, has fully integrated MTS Repo, its electronic European repo platform, with Monte Titoli’s X-COM triparty collateral management solution.
The X-COM triparty collateral management solution allows institutions trading on MTS Repo to effectively manage their financing needs via a single, integrated mechanism.
The service provides a simple but flexible solution, with fully automated access to a broad set of collateralisation functionalities covering on-exchange and OTC repo transactions.
X-COM manages all processes involved in the opening and closing of transactions, as well collateral substitution and reuse during the trade life cycle. Monte Titoli plays the role of neutral triparty agent.
Oliver Clark, Head of Money Markets at MTS said: “With secured funding and financing transactions now an integral part of most market participants’ portfolios, the need to drive efficiency, reduce risk and enhance returns has made smart collateral management essential.
“We are delighted to offer MTS Repo customers the ability to execute secured triparty transactions via X-COM, helping them to limit risk exposure, increase returns and reduce capital absorption in an environment where regulatory pressures are driving systematic changes.”
Mauro Dognini, CEO, Monte Titoli said: “Following our successful migration to Target 2 Securities in August, we are delighted to go live with our triparty collateral management solution, X-COM. This represents a key strategic initiative for Monte Titoli, as well as an important step for the efficiency of repo markets. X-COM, and our joint offering with MTS and CC&G, respond to a long term requirement for an efficient triparty repo solution.