Tag: Nex Data

Nex Data

NEX, JBond, Launch Repo Index

NEX Data, which delivers independent market intelligence and price information for OTC Data, and JBond, the electronic platform for trading in Japanese repurchase agreements, have announced the launch of the JBond Nex Repo Index to measure the effective cost of funding for Japanese government bonds.
The firms say it is the first Japanese repo index and they have launched it in response to “considerable interest” from financial community. The Japanese yen repo market has been very active of late with the average month-end outstanding for 2017 reaching 160 trillion yen.

Nex Launches Yen Benchmark

Nex Data, a Nex Group business which delivers independent market intelligence and price information for OTC data and Nex Markets, a NEX Group business which provides electronic trading technology and services, have launched the EBS JPY Benchmark, which it claims is the first fully electronic, transaction-backed reference rate for the Japanese yen.
Nex says the creation of the reference rate for JPY seeks to provide high standards across the market.Reflecting the USD/JPY rate, the new benchmark is published daily at 15:00 Tokyo time.