Bloomberg First to Connect All Repo Agencies & Meet Fed Reforms
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Press Release
NEW YORK -- Investors in the U.S. tri-party securities repurchase (repo) market can now use Bloomberg technology to match and confirm repo trades with both clearing banks, Bank of New York Mellon (BNY) and JP Morgan. Bloomberg’s fixed income group announces the first agency-neutral platform that allows investors to process and confirm repo trades with either clearing bank as mandated by the Federal Reserve Bank of New York (The Fed).