Best electronic services for repo: Lehman Brothers
Lehman Brothers wins the repo award for the second consecutive year for its comprehensive offering on the bank’s Lehman Live platform.
The repo site still offers real-time information on interest rates, general collateral, government and agency rates, and emerging market and corporate specials. It also offers research, daily repo commentaries, historical data and analytical tools.
Over the past year the bank has been emphasizing a high standard of post-trading capabilities for clients via the same platform.
Collateral management capability on the platform enables clients to keep track of their collateral deficit or excess. This is useful in that the excess collateral on trades can be used to cover the deficits on others. It is possible for clients to drill down to see which trades make up the excess or deficit.