Question-91: What is Interdealer system in Fixed Income Market?

Answer: This allows fixed income dealers to execute trades electronically and anonymously with each other, this system utilize an interdealer broker (IDB) as intermediary. Interdealer platforms are most prevalent in Treasury and government agency trading. And Inter Dealer Broker provides both electronic and voice capabilities for their clients. This platform started supporting non-dealer as well for example

• Institutional customers
• Examples of Interdealer Systems BrokerTec

Question-92: Can you describe something more for the BrokerTec and TriOptima?

Answer:  BrokerTec, is a leading provider of electronic trading platforms and technology services in fixed income markets, and TriOptima, a leading infrastructure service that lowers costs and mitigates risk in OTC derivatives markets.

Question-93: What is the use of Repo Workflow build by BrokerTec?

Answer: BrokerTec is providing Repo Workflow, which is end-to-end repo workflow solution for industry participants. This provides full automation across the lifecycle of a repo trade. It would reduce lot of operational burden for the buy-side.

Question-94: What is UTI stands for in Fixed Income trade?

Answer: Unique Trade identifier

Question-95 What is BrokerTec Quote?

Answer: BrokerTec Quote provides market participants with a more intuitive and efficient means of trading repo across European Sovereign Debt, UK Gilts, General Collateral, Supranational and Agencies in the EU.  BrokerTec intends to expand the service to US Treasuries and other product sectors as well in near future.