NY Fed plans test run of small-firm open market operations


The Federal Reserve Bank of New York is to roll out a pilot programme allowing up to five 'smaller' firms to act as counterparties in its open market operations (OMOs) for a year.

Participants in the scheme will be able to conduct secondary market outright purchases or sales of US Treasury securities, alongside the 21 larger primary dealers the New York Fed currently works with. The smaller firms will be expected to participate in a minimum number of Treasury operations each month, and submit bi

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: