Eurex Repo, the Deutsche Börse-owned platform electronic repo trading service, has signed up ABN Amro, Credit Suisse, Merrill Lynch, Royal Bank of Scotland and Rabobank.

Signing up the five banks is a major coup for the Swiss-German controlled business, which competes fiercely with rivals BrokerTec and MTS Group for a share of the electronically traded repo or repurchase agreement market.