Available through the Bloomberg Professional desktop, the system allows trading of repurchase agreements (repos) to be fully ticketed with trade history blotters and seamless with Straight-Through Processing (STP).
The service also boasts the advantage of connecting customers and dealers who are able to send requests for quotes electronically and enter them directly on their Bloomberg screens.
With fifty dealers already signed on to deploy the new Bloomberg service, Bloomberg says it is ready to support the rapidly expanding repo market.
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