A form of short-term borrowing for dealers in government securities, where the dealer sells the government securities to investors, usually on an overnight basis, and buys them back the following day.
Stablecoin infrastructure firm HIFI provided the cash leg of the transaction against US Treasuries supplied by trading platform DRW, while Marex acted as prime broker
The move aims to support the high-level opening-up of China's financial markets and facilitate the RMB liquidity management of overseas central banking institutions
Growth was recorded across multiple regions and products during the month, highlighting both the breadth of activity on the platform and the increasing connectivity of its global network