BNY Mellon Chooses Eurex to Centrally Clear European Repo Transactions

BNY Mellon has selected Eurex as the first clearing house to centrally clear repo trades in Europe, having already executed the first of these transactions. According to a story in The Trade news, Eurex’s offering allows clients to trade repos with more than 160 registered participants and allows participants to raise or place cash against over 13,000 securities, both domestic and international. Eurex confirmed that it had seen a significant increase in trading activities and reached record volumes in its cleared repo markets – doubling across all markets year on year as of last month.