CME Group launches US Dollar RepoFunds Rate benchmark for overnight funding costs

BrokerTec: BrokerTec is a dealer-to-dealer electronic trading platform under CME Group for cash US Treasuries, US repo, EU repo, and European government bonds. It facilitates anonymous trading via central limit order book on CME Globex with broad dealer participation. BrokerTec supplies the overnight repo trade data used to calculate the new US Dollar RepoFunds Rate benchmark. CME Group: CME Group is the world's leading derivatives marketplace, operating exchanges that offer futures, options, and benchmarks across interest rates, equities, FX, and commodities for global risk management. It administers benchmarks through CME Group Benchmark Administration using data from its highly liquid markets. In this news, CME Group launched the US Dollar RepoFunds Rate, expanding its suite of risk-free rates with a new repo benchmark sourced from BrokerTec trades. US Dollar RepoFunds Rate: The US Dollar RepoFunds Rate is an overnight secured USD repo index benchmark that measures funding costs from eligible centrally cleared repo trades collateralized by US Treasuries. It is published daily at the end of the New York trading day as part of CME Group's RepoFunds Rates suite. This new rate adds to existing risk-free benchmarks providing transparency into US repo market activity. `json { "Platform Role": "BrokerTec's central limit order book facilitates transparent execution of repo trades, contributing to CME's benchmark rate.", "Repo Transparency": "The US Dollar RepoFunds Rate is based on centrally cleared overnight US repo trades, representing actual market funding costs.", "Benchmark Expansion": "CME Group expands its risk-free rates offerings with repo-focused benchmarks informed by platform trade data." } `