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Is TRAX designed for the repo market?

April 26, 2017designed market repo Trax

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Is TRAX designed for the repo market?

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YES, TRAX has been designed specifically with the repurchase (repo) market in mind. The market, European Repo Council wanted a new system that allowed them full repo confirmation and as a result Xtrakter delivered TRAX version 2. The system caters for every type of repo from the very short term right through to medium and longer term repo trades thus helping your firm to operate at T+1 basis where possible.