News Tech: MarketAxess reported repo business growth in the first half of 2022, with average daily volume (ADV) for repo matched transactions growing by 17%.
In H1 2022, the business had a Matched Lifecycle Event trade count of 11,952, reflecting a 160% increase over the same time in 2021.
In H1 2022, matched repo deals on the MarketAxess platform totaled 169,456, with matched trade ADV reaching US$262.1 billion.
This is due to an expanding number of top-tier buy- and sell-side customers and counterparties utilising this feature.
“The increase in the repo sector clearly illustrates the need and need for repo post-trade automation,” says Colleen Stapleton, product manager for match and repo solutions at MarketAxess. “MarketAxess Post-Trade Repo is at the forefront of advancing this market.”