Data from the SIX Interbank Repo Market is now available globally via MDDX, the low-latency, real-time data feed of SIX Swiss Exchange.
By integrating CO:RE trading platform into the MDDX feed of SIX Swiss Exchange, trading data becomes accessible to a broad audience of money market participants through data vendors, enhancing transparency and connectivity in the repo market.
The repo market, a cornerstone of global financial systems, facilitates secured borrowing and lending, contributing to liquidity management, regulatory compliance, and efficient market functioning. By integrating CO:RE data into MDDX data feed, SIX takes a major step in enabling money market stakeholders worldwide to access critical repo market insights.
The CO:RE platform is a multi-currency trading hub connecting over 160 counterparties with an Average Daily Volume of CHF 25bn. It supports primary auctions, liquidity management, and risk reduction through advanced collateral management tools. With 14 currencies already traded on CO:RE, the platform’s growth underscores its importance for both domestic and international market participants.
To facilitate this global expansion, SIX introduces the following CO:RE data packages via MDDX data feed:
- CO:RE Interbank Detailed Quote Book Data (Package Code: CORE-DOB): Real-time updates of individual quote changes.
- CO:RE Interbank Post-Trade Data (Package Code: CORE-POST): Comprehensive data on public quote executions.
These packages are accessible for and from data vendors under the Market Identifier Code (MIC) “XREP”. During the initial rollout phase, data vendors can deliver this information to subscribers free of charge, including non-display usage.
