Insights
A look back at the UK repo market in 2023
Richard Comotto
In 2023, the average daily turnover of repos in the UK market grew by +7% to reach GBP 1,716 million = EUR 1,988 billion and the number of trades increased by +16% to over 66,000 trades per day.
Most of the growth occurred after Easter, particularly during Q4 (+11% over Q4 2022).
The average value of repos outstanding at end-week in 2023 grew to GBP 8,240 million = EUR 9,543 million (+3% YOY), while the average number of outstanding trades rose by +10% to 466,000.
Read more about the UK repo market in 2023 in our report written by Richard Comotto, London Reporting House Co-Founder and Chief Product Officer.
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