Dealerweb doubles repo volume on electronic trading boost
Single-fee model gains traction among repo traders
The average daily volume of interdealer US repo trading at Dealerweb has more than doubled since it launched electronic trading of US repos in June 2016 – reaching $177 billion last month compared with $80 billion a year ago.
Alfred McKeon, head of Dealerweb, Tradeweb’s US interdealer brokerage, says electronic trading is starting to gain real traction in the repo market, where around half the volume is still voice-brokered. The split is similar at Dealerweb: $95 billion of its daily US repo
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