iQrepos - icubic's Electronic Repo Trading Solution

With iQrepos, icubic has created a software which lives up to the challenges of electronic repo trading. iQrepos represents a complete solution which combines into one application all the relevant information and actions which are necessary steps in the generation of a repo trade. Through intelligent connections of the individual functions, productivity is increased and the best possible repo trading potential is obtainable.

More Market Overview, more Possibilities

Through the connection of the individual repo markets, price quotes from the consolidated markets can be combined. A central management facilitates the handling of orders and trades and improves the trader’s overview. In other words, all orders can be managed from one order template, independent of maturity and market-specific exceptions.

Automatic Workflow

Straight-Through-Processing via iSettle – icubic’s solution for efficient settlement - joins the markets with the existing position keeping system of the financial institution and displays all positions and trade data in real-time. This is turn increases the execution capacity and reduces booking errors to a minimum.

Integrated Price Functions

Through iQrepo’s connection to information providers and the derivatives markets, the calculation of repo prices based on interest curves versus the current market prices provides the trader with a valuable decision-making tool. In addition, iQrepos also features an allocation tool for GC-repos with which system deposited baskets can be compared with the market and combined with the bank’s positions. This enables the trader to achieve an optimal allocation under consideration of all available market allocation rules.

Flexible Connection

iQrepos is connected via the iConnect interface to the markets, information providers and financial institutions’ internal systems. Currently, connections to BrokerTec, MTS Repo and EurexRepo are available and Reuters and Bloomberg are supported as information providers. Additional connections can be made available at short notice.

Simple Administration, Monitoring and Controly

In order to insure the reliability of the system, iControl was developed. Comprised of a service application, an admin tool and a comprehensive rights concept, it secures the maintenance and consistent stability iQrepos.