ICMA announced that European Credit Management Ltd (ECM), a buyside firm, has commenced live matching of repurchase agreements with UBS for the first time via TRAX2. TRAX2 is the post- trade, pre-settlement, trade matching and regulatory confirmation system for the OTC market. It processes all financial instruments/asset classes and is now available to both the sell side and buy side.
Robert Galione, Head of Operations, European Credit Management Ltd. commented: “ECM is very proud to be the first buyside company to go live with TRAX2 Repo. This is a major step forward for the risk management of our exponentially increasing repo book. We look forward to all our counterparties coming on board soon”.
Press release
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