MTS Repo

An order driven market for electronic transaction of repo agreements and buy/sellbacks.

The MTS Repo market on the Money Market Facility (MMF) platform is the professional’s e-trading venue for real-time eurozone repo trading, pricing and liquidity, uniting over 150 unique participants across Europe, including international and domestic banks and institutional buy-side clients.

Agency Cash Management (ACM)

ACM is an electronic auction-trading platform that enables cash-rich investors to enter into secured money market investments via the tri-party repo mechanism. By providing an alternative to the traditional suite of unsecured money market products, the platform offers access to low-risk cash management investment opportunities.

By bringing a new pool of cash providers to the market, the platform will also benefit banks facing continued pressure to diversify their sources of funding in the face of Basel III.

The platform is built on the same robust technology that facilitates the MTS fixed income market, combining secure investment opportunities with the high levels of transparency offered by electronic trading.

Benefits include:

Low-risk investment opportunities – improved cash management for buy-side
New investor base – additional source of funding for sell-side
Access to wholesale pricing - cash placed via daily cash auctions
Tri-party agent offering robust settlement engine – segregation of assets and daily margining
Bespoke auction methodology to ensure best execution
Best-in-class innovative technology – reliable and proven system
Improved liquidity in market overall - enhanced opportunities for all

The ACM is scheduled to go live in the fourth quarter of 2011 and will operate as a Multilateral Trading Facility (as defined under MiFID regulation) by EuroMTS Limited. Launch being also subject to applicable regulatory approvals.

MTS Repo Product Overview

Offering bespoke functionality for the electronic transaction of repo agreements and buy/sellbacks through an efficient order driven market place, the MTS Repo Market has grown to become a de facto choice for repo and money market traders across Europe.

The depth of counterparties and range of instruments combined with the transparency of MTS pricing has made it a benchmark electronic trading venue for the European repo market.

MTS Repo delivers: