BrokerTec, a provider of electronic trading platforms and technology services in fixed income markets, has expanded its collaboration with LCH RepoClear, to provide a route for clients to clear Euro-denominated securities with LCH through BrokerTec Quote, a dealer-to-client Request for Quote Repo trading solution.

BrokerTec, a provider of electronic trading platforms and technology services in fixed income markets, has expanded its collaboration with LCH RepoClear, to provide a route for clients to clear Euro-denominated securities with LCH through BrokerTec Quote, a dealer-to-client Request for Quote (RFQ) Repo trading solution.
 
Clients of BrokerTec Quote are now able to clear trades in Euro-denominated securities transactions with LCH RepoClear via Sponsored Clearing, creating new opportunities for dealers and clients to trade Euro-denominated Repo with the benefits of a central counterparty. 

Sponsored Clearing enables buyside market participants to become direct members of LCH RepoClear and clear their transactions with the dealer of their choice via the sponsorship of an Agent.
  
The collaboration between BrokerTec and LCH RepoClear builds on an existing agreement to provide Sponsored Clearing of Gilt Repo on BrokerTec Quote.