This rise was driven by an 85 per cent YoY rise in GC Pooling average daily TAV to €276.9 billion, and an 48 per cent YoY increase in special repo average daily TAV to €253.5 billion
According to Matt Gierke, global head of BrokerTec at CME Group, BrokerTec's overall average daily notional value for March reached an all-time record of US$1.151 trillion
The ICMA European Repo Market Survey measured and analysed the value of outstanding repo plus reverse repo on the books of 59 participants at close of business on 10 December 2025
This milestone demonstrates the expansion of BNY’s intraday repo capabilities beyond the US dollar, enabling new opportunities for liquidity optimisation
The enhancement will allow LCH RepoClear clearing members to settle Dutch debt instruments within Clearstream’s fully harmonised, cross‑border post‑trade environment
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 rise in average daily trade volumes reflects continued institutional adoption of tokenised real asset settlement at scale and the growing role of distributed ledger technology, the firm says
