Quadriserv to build equity repo platform with OCC as CCP

Quadriserv recently announced the following:

Building on the AQS securities lending facility, we are pleased to announce that we have agreed to construct AQS Repo, a CCP-based platform for equity repo. OCC will serve as the central counterparty clearer, further adding value to its membership. This project has gained broad support from repo industry participants and we will continue to work closely with OCC and regulators to create a venue that will meet the needs of the securities financing repo community.

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