RepoFunds Rate is an industry initiative developed in response to market demand and calculated using repo data from trades executed on either the BrokerTec or the MTS electronic platforms. RepoFunds Rate is calculated by NEX Data. NEX and MTS are advised on all aspects of product design and maintenance by the Market Advisory Group.
NEX's BrokerTec platform is the leading electronic trading venue for the fixed income markets, providing innovative technology solutions across a wide range of products to customers in 50 countries around the world.
BrokerTec delivers efficient, transparent, anonymous and orderly electronic fixed income trading opportunities for all market participants.
The BrokerTec offering includes trading solutions for many US and European fixed income products, including US Treasuries, European Government Bonds and European Repo. BrokerTec facilities both API and manual trading, delivering solutions to support a broad range of trading strategies.
For more information visit the BrokerTec website.
NEX Data empowers you to make trading decisions with authoritative and independent over-the-counter (OTC) market information from the world's premier interdealer broker and provider of post-trade risk and information services. We provide data services across all key asset classes and offer innovative solutions for real-time, end-of-day and historical products.
Our data is the intelligence behind algorithmic trading and research models for customers and is a key source of mark-to-market data for the industry. With $1.4 trillion of average daily volume being fed into our data products, NEX Data delivers 96,000 instruments generating almost 30 million updates per day.
For more information visit www.nexdata.com or email firstname.lastname@example.org.
MTS is Europe's premier facilitator for the electronic fixed income trading market with leading-edge technology that delivers efficient and effective solutions, expert knowledge and client-focused consultancy that benefit all participants.
MTS supports the full chain of pre-trade, trade execution and post-trade capabilities across cash and repo markets, and also provides independent benchmark market data and comprehensive fixed income indices.
For more information, visit www.mtsmarkets.com or email email@example.com.
Market Advisory Group
The Market Advisory Group is a panel of representatives from dealers active in the euro repo market.
The group is responsible for reviewing all aspects of the RepoFunds Rate design and maintenance and for providing recommendations on RepoFunds Rate to NEX and MTS.