‘More questions than answers’ in race to build repo plumbing
Complexity could slow the development of necessary matching and credit-checking tools for US Treasury trades
The Securities and Exchange Commission’s (SEC) mandate to clear US Treasury trading aims to bring greater stability to the market. However, for the repo trading platforms that must build key parts of the apparatus to make clearing happen, the mandate has led to anything but.
As these execution venues work through the practical steps necessary to make clearing work, a key area – the administration
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