Liquidity Alliance meets buy side
13 November 2015Frankfurt Reporter: Drew Nicol
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The Liquidity Alliance now offers collateral management services to the buy side through its 360T platform.
The new service, which is available to all Liquidity Alliance members, enables the buy side to trade triparty repo transactions with banks on the platform as a collateralised alternative to unsecured cash deposits.
The collateral management of the triparty repos is done in a fully automated, white-labelled manner by the Liquidity Alliance.
Buy-side customers will be able to trade triparty repos via the same 360T front-end they use for FX and other money market trades.
The 360T platform, which was recently acquired by Deutsche Börse for its market data business, encompasses foreign exchange and money markets trading.
The Liquidity Alliance’s members, including Clearstream, ASX, Cetip, Iberclear and Strate, will be able to offer the buy side an option to collateralise triparty repos with banks through 360T.
Mathew Kuppe, managing director of 360T in the Asia Pacific, said: “360T already has buy-side customers in all domestic markets of members of The Liquidity Alliance.”
“The Liquidity Alliance will now have the option to offer these customers the benefit of collateralised trading which was previously only available to financial institutions, via an integrated front end."
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