A press release entitled, "Bloomberg First to Connect All Repo Agencies & Meet Fed Reforms," says, "Investors in the U.​S. tri-​party securities repurchase (​repo) market can now use Bloomberg technology to match and confirm repo trades with both clearing banks, Bank of New York Mellon (​BNY) and JP Morgan. Bloomberg'​s fixed income group announces the first agency-​neutral platform that allows investors to process and confirm repo trades with either clearing bank as mandated by the Federal Reserve Bank of New York (​The Fed)." Another release entitled, "J.​P. Morgan Announces Successful Transition to Three-​Way Trade Confirmation for Tri-​Party Repo Clients," says, "J.​P. Morgan today announced that its active tri-​party repo clients have successfully completed the transition to three-​way trade confirmation as mandated by the Tri-​Party Repo Market Infrastructure Reform Task Force. By value, 99% of all tri-​party repos booked daily through J.​P. Morgan are now confirmed by both counterparties."

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