The collaboration highlights how digital currencies and digital collateral records can improve the speed, efficiency, and resilience of Australia’s US$350 billion repo market
The initiative will be predominantly focused on tokenised collateral, onchain financing, and institutional-grade digital settlement solutions, building on the company’s prior work on the Canton Network
This rise was driven by an 18 per cent YoY rise in GC Pooling average daily TAV to €243.1 billion, and an 92 per cent YoY increase in special repo average daily TAV to €330.2 billion
The new benchmark uses data from centrally-cleared overnight US repo trades executed on BrokerTec’s dealer-to-dealer central limit order book platform
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