J.P. Morgan, HQLAx and Ownera Launch Intraday Repo Solution, With $5bn Traded in the First Month
J.P. Morgan, HQLAx and Ownera announce the launch of their cross-ledger Repo solution. Repo traders are now able to exchange cash at J.P. Morgan and collateral at HQLAx intraday, with settlement and maturity times specified to the minute. While digital solutions have recently gained market prominence, there is a need for interoperability and precise cash and securities settlement. Ownera’s market…
