Treasury Management Internation Logo

ACM Tri-Party Repo Volumes Top EUR 5 Billion Over Past Month

Published 

Cash and collateral management challenges has increased interest in the platform 

Chicago/London – Newedge, a global leader in multi-asset brokerage and clearing, and MTS, Europe’s premier facilitator for the European fixed income market, today announced record trading volumes on their Agency Cash Management (ACM) platform for the tri-party repo market.

Trading volumes in tri-party repo topped EUR 5 billion over the past month, as a growing number of institutions utilised the platform to meet the cash and collateral management challenges they face in the current market environment. The average duration of trades over this period was just under 10 days, with many participants now live on the platform.

ACM is an electronic auction-trading platform that enables institutional cash investors to enter into secured money market investments via the tri-party repo mechanism. Providing an alternative to the traditional suite of unsecured money market products, the platform offers access to cash management investment opportunities. By bringing new cash providers to the market, the platform also benefits banks facing continued pressure to diversify their sources of funding in the face of Basel III.

Angela Osborne, Co-Head of the Agency Cash Management business at Newedge, said: “More and more, buyside clients are looking to the ACM platform to form part of the solution to meet upcoming cash and collateral transformation requirements for centrally cleared swaps under EMIR.  This trend, coupled with the existing cash management requirements for securing cash with collateral from the unsecured money market products, means that interest in the platform is ever increasing. Record trading volumes reflect participants’ confidence in the platform’s utility and credibility. We look forward to continuing to work with institutional customers to meet their needs with innovative and forward-thinking technology.”

Oliver Clark, Head of Money Market and Derivatives Product at MTS, added: “The record trading volume on ACM over the last month is a positive step in the evolution of cash and collateral management for both banks and buy-side investors, and is testament to the innovative functionality enhancements we have recently implemented. For example, the platform now offers full Straight-Through-Processing (STP) to Euroclear, enabling participants to ensure the highest level of efficiency in their trading operations, and helping them to meet pre- and post-trade operational and inventory management obligations. Building on the progress the platform has made in Europe, we look forward to exploring the opportunity of rolling it out to U.S. institutional market participants via our U.S. entity.”

Most recent episodes

HSBC’s Sibos Spotlight: Investing in the Future – from Diversity to Green Deposits

In the final instalment of HSBC’s Sibos Spotlight, Eleanor Hill (TMI) invites Nadine Lagarmitte and Suraj Kalati (HSBC) to consider how corporates’ attitudes to...

25:12

HSBC’s Sibos Spotlight: The ESG Landscape – what every treasurer needs to know

In the third edition of HSBC’s Sibos Spotlight Podcast series, TMI’s Eleanor Hill invites Farnam Bidgoli (HSBC) to provide an in-depth overview of the current ESG...

16:24

The Path to Transformational Global Cash Visibility

Davina Bradley (CEVA Logistics) and Conor Deegan (CashAnalytics) join TMI’s Eleanor Hill to explore how treasurers can transform their cash visibility and forecasting within their business in a matter of weeks using a...

33:16

HSBC’s Sibos Spotlight: Embedding ESG in Trade and Supply Chains

In the second podcast from HSBC’s Sibos Spotlight series, TMI’s Eleanor Hill speaks to Surath Sengupta (HSBC) about embedding ESG into trade and supply chains....

20:58

Lost in Transaction: Overcoming Payments Pitfalls

From simple errors to duplicates, fraud and sanctions violations, there are a number of areas where payments can go wrong – especially in the real-time environment. In this podcast, TMI speaks to Andrew Ferrao...

34:25

HSBC's Sibos Spotlight: Central Bank Digital Currencies

The first edition of HSBC’s Sibos Spotlight series sees TMI’s Eleanor Hill joined by Mark Williamson and James Pomeroy (HSBC) to discuss the hot topic of Central Bank Digital Currencies (CBDCs). Our guests discuss...

25:48

Payments Vision 2025: The Inside Track

Wim Grosemans, Steven Lenaerts (BNP Paribas) and Wim Raymaekers (SWIFT) join TMI’s Eleanor Hill to outline their vision for the payments landscape in 2025. Our guests consider how recent developments such as instant...

28:21

Stepping Out from the Shadows

“Treasurers needs to step out of the shadows and into the sunshine in terms of their strategic contribution.” claims Zitah McMillan, Co-Founder and CEO, Predictive Black. In this podcast, hosted by TMI’s Eleanor Hill, our guest declares that the...

16:54

Why the ‘One Size Fits All’ Approach is Outdated - A Cash Segmentation Treasury Masterclass

With the ongoing low interest-rate environment and increasing regulatory change, it’s more important than ever for treasurers...

23:55

Instant Payments: Instant Rewards

TMI’s Eleanor Hill sits down in the virtual TreasuryCast studio with J.P. Morgan’s Global Head of Real-Time Payments, Cyrus Bhathawalla, to discuss how treasurers can capitalise on the evolving nature of real-time payments. Our guest contemplates the elements...

23:55