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Article: Senaf introduces electronic repo platform for the Spanish market.
- Article from:
- Financial News
- Article date:
- October 9, 2002
CopyrightCOPYRIGHT 2002 Financial News Publishing Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Anuj Gangahar
Senaf, part of Grupo mF, the Mercados Financieros group, is set to launch a new electronic platform to trade repos, or repurchase agreements, in Spanish government debt.Trading volumes in Spanish repo surpassed [euro]4.8 trillion ($4.7 trillion) in 2001.
The stated objective of the new project is to strengthen the liquidity of Spanish public debt, and to provide new services to all Senaf members, both domestic and international.
Raymond Sabbah, chief executive of Senaf, says: "This consolidates Senaf's position in the electronic government debt market in Spain even further.
"This development responds to the needs ...