These providers are initially offering Fed Funds through BankOxygen, a platform that connects providers of capital markets products with middle market financial institutions.
BankOxygen offers online trading of:
· Fed Funds,
· repurchase agreements,
· money market securities, and
BankOxygen executes $3 billion a day in transactions. More than 400 independent financial institutions and 12 product providers participate at the site.
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