- In July BME Clearing announced an agreement with NEX Markets to provide repo clearing services to BrokerTec
BME, through its BME Clearing subsidiary, has cleared its first repo trades executed on the anonymous dealer-to-dealer trading platform BrokerTec, owned by NEX Markets.
The clearing of these transactions follows the announcement of an agreement last July between BME Clearing and NEX Markets, involving the provision by BME Clearing of repo clearing services to participants connected to BrokerTec.
Ignacio Solloa, Managing Director of BME Clearing, said: “By clearing the first transactions on BrokerTec BME Clearing has brought a wider choice for clients operating on this platform. We are delighted that BrokerTec offers our CCP services to their clients, which will benefit from the efficiency, transparency and reliability of BME Clearing”.
As an ESMA-authorised CCP, BME Clearing provides clearing services in Spain for Equities, Public Debt Repos, Financial Derivatives, Energy Derivatives and Interest Rate Swaps.