The expansion builds on the US launch of Tradeweb’s dealer algorithmic execution capabilities last year, complementing the firm’s broader electronic trading ecosystem
The market became fully operational on 16 March, after the successful migration of 100 per cent of open interest from Nasdaq Clearing to Euronext Clearing
This milestone demonstrates the expansion of BNY’s intraday repo capabilities beyond the US dollar, enabling new opportunities for liquidity optimisation
Both firms have commenced activity with a global agency repo service, including agency trading, to support LME’s cash reinvestment activity and enhance LME Clear’s portfolio liquidity management
The decision aims to enhance market efficiency and increase liquidity and depth, thereby supporting the stability of transactions and protecting the rights of investors