Repo trading decreases by 22.3% in Q2 08

Tag : buy/sell contract
Xtrakter, the market utility, announced today that TRAX the OTCmatching system processed USD 11.5 trillion (EUR 7.3 trillion)nominal value of repo transactions during Q2 2008. TRAX is the onlyfully automated repo (repurchase agreements) matching systemavailable in the capital markets today.

Further analysis revealed repo trading values decreased by 22.3%(USD 3.3 trillion / EUR 2.1 trillion) in Q2 08 when compared to Q108. The difference in contract classes was as follows:


⬢ Term repo decreased by 42.5 % (USD 2.5 trillion / EUR 1.6trillion)
⬢ Open repo decreased by 32.4 % (USD 66 billion / EUR 41 billion)
⬢ Buy-Sell-Backs decreased by 9.2% (USD 0.8 trillion / EUR 0.5trillion)


Q2 2008 repo trades for this category were broken down as follows
Open repo: USD 3.4 trillion / EUR 2.1 trillion
Term repo: USD 138 billion / EUR 88 billion
Buy-Sell-Backs: USD 7.9 trillion / EUR 5.0 trillion

Q1 2008 repo trades for this category were broken down as follows:

Open repo: USD 5.9 trillion / EUR 3.7 trillion
Term repo: USD 204 billion / EUR 129 billion
Buy-Sell-Backs: USD 8.7 trillion / EUR 5.5 trillion