Broadridge Financial Solutions has launched its new Repo Order Quote (ROQ) solution, a multi-market aggregation and execution tool for repo markets, which is now in use with a major European bank.
ROQ allows repo traders to view liquidity and pricing across multiple electronic marketplaces. The system enables traders to see demand and availability for each term, security, or basket of general collateral securities and also provides the ability to quote and execute on an aggregate basis. ROQ provides traders a competitive advantage by helping them implement their trading strategies more effectively via real time inventory optimisation and revenue analysis tools.
“The Repo Order Quote solution is a great example of Broadridge bringing real technology-led enhancements to capital markets clients, helping them get ahead of today’s challenges and capitalise on tomorrow’s opportunities,” says Jerry Friedhoff (pictured), head of Broadridge’s securities finance and collateral management business. “ROQ also enables repo desks to automate their trading activities via our unique combination of algorithmic execution and global inventory.”
ROQ is a powerful new addition to Broadridge’s existing Securities Finance and Collateral Management (SFCM) solutions, making trading easier and more profitable for capital markets clients. It can be used as part of Broadridge’s integrated SFCM suite or interfaced with any major securities finance trading or inventory system.