DTCC’s Murray Pozmanter on repo clearing and HFT
Buy-side clearing a top priority following suspension of interbank GCF repo
The suspension of the Depository Trust & Clearing Corporation's (DTCC) interbank general collateral finance (GCF) repo service, which allowed dealers using different clearing banks to trade with each other, has pushed the $1.6 trillion US tri-party repo market into uncharted territory.
A cross-clearing bank basis emerged following the suspension of interbank trading on July 15, with dealers
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