TriOptima and BrokerTec Teams Up, Provides End-To-End Repo Workflow Solution

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TriOptima, an infrastructure service, has recently joined forces with BrokerTec, a technology services and electronic trading platform provider. Today, the two announced that their partnership would see an end-to-end repo workflow solution be developed for various industry participants. This, in turn, will provide complete automation of the entire repo trade life cycle.

Best Of Both Worlds

Through a combination of  TriOptima’s TriResolve solution alongside the Brokertec’s Quote Dealer-to-Client Request for Quote (RFQ) trading platform, clients are capable of enriching trades. They’re capable of doing so from the point of execution with a Unique Trade Identifier, or UTI, just before sending it out for reconciliation. It’s thanks to this that the firms are capable of tracking and correcting any sort of back-office trade or evaluation mismatch within the client systems, doing so quickly and easily. From there, they simply report the trade data to the relevant repository.

The Mandatory Public Statement

Kate Karimson stands as the Head of Fixed Income Products for BrokerTec’s Europe Arm. She gave a comment about the matter at large, stating that repo workflow inefficiencies have long since been an operation burden for the buy-side. Through the creation of this automated repo workflow solution, one that’s end-to-end, it will replace the previously manual processes, according to Karimson. This, she states, will then free up internal resources that can be put to work in other places across the company.

BrokerTec Quote was launched back in the second quarter of 2019. It helped provide market participants with a more efficient, intuitive way to trade in repo. It could do so across the UK Gilts, European Sovereign Debt, General Collateral, as well as Supranational and Agencies in the EU 27. The company has made it clear, however, that it aims to expand, particularly within the US Treasuries, as well as other product sectors. They will do so by the third quarter of 2020.

Trying Times

As the world slowly innovates and perfects its various inventions, things like TriOptima and BrokertTec’s partnership come naturally. It’s the result of two companies sharing their intellectual properties’ uses in order to provide a service that investors would find more attractive. Through doing so, they aim to gain a higher financial success than they would have achieved, should they have tried to strike out individually.

With any luck, the world can slowly start to recover from the chaos that was early 2020 and look to the future in order to try and recover from everything that’s been done to the world in such a short time.

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