SIX announced that its expanded the global reach of its repo data via MDDX, the low-latency, real-time data feed of SIX Swiss Exchange. By integrating CO:RE trading platform into MDDX, trading data becomes accessible to a broad audience of money market participants through data vendors, enhancing transparency and connectivity in the repo market.
The CO:RE platform is a multi-currency trading hub connecting over 160 counterparties with an average daily volume of CHF25 billion ($27.5 billion). It supports primary auctions, liquidity management, and risk reduction through advanced collateral management tools. With 14 currencies already traded on CO:RE, the platform’s growth underscores its importance for both domestic and international market participants.
Jan Zürcher, head Market Data, said in a statement: “The integration of CO:RE data into MDDX unlocks new opportunities for market participants globally, enriching our information product portfolio with comprehensive money market data solutions.”
To facilitate this global expansion, SIX introduces the following CO:RE data packages via MDDX data feed:
- CO:RE Interbank Detailed Quote Book Data (Package Code: CORE-DOB): Real-time updates of individual quote changes.
- CO:RE Interbank Post-Trade Data (Package Code: CORE-POST): Comprehensive data on public quote executions.
The new integration enables market participants to:
- Gain real-time access to actionable repo market data;
- Enhance liquidity management and regulatory reporting; and
- Leverage advanced analytics for better decision-making.
Nerin Demir, head of Repo at SIX, said in a statement: “This initiative demonstrates our commitment to excellence and transparency in the repo market.”