Frankfurt-based consultancy and software house Comyno has successfully implemented its X-Repo Hub solution with Germany’s Finance Agency and DekaBank. Both projects were completed on time and to budget.
Based on Comyno’s C-One system infrastructure, the X-Repo Hub has been developed to provide participants of the Eurex Repo markets with a cost-effective solution for connecting to Eurex Repo’s new trading platform, F7. The C-One X-Repo Hub meets the needs of any financial institution active on all Eurex Repo markets, according to Comyno.
Markus Büttner, CEO and founder of Comyno, said: “We are delighted with the success of the implementations and the close working relationship we have established with our new clients."
"Our X-Repo Hub enabled the Finance Agency and DekaBank to migrate to the new trading platform without the need of costly and resource consuming internal developments.”
Michael Cyrus, head of short-term products at DekaBank, added: “The Eurex Repo markets are a significant source of liquidity for any market participant. For us, it was important that the internal migration to the new trading platform took place in an efficient, diligent manner and with a focus on providing us with full transparency during the transition and implementation. With Comyno’s X-Repo Hub, we experienced a smooth transition process.”
