Sign up for free newsletter

 

British pounds

ICAP launches i-Swap in Sterling

Mon, 03/06/2013 - 16:00

ICAP, a markets operator and provider of post trade risk mitigation and information services, has begun trading in Sterling (GBP) on i-Swap, its electronic interest rate derivative platform.

 
This follows the launch of i-Swap in the US in Dollars in February 2013. Euro interest rate swaps (IRS) was launched on i-Swap in September 2010.
 
As with Euro IRS and US Dollar IRS, i-Swap’s shareholding banks – Citigroup, Bank of America Merrill Lynch, Barclays, Deutsche Bank and JP Morgan – will support the platform with streaming prices.
 
The i-Swap trading platform is for interest rate derivatives and enables customers to choose optimal execution methods, either through a broker or directly onto the platform. i-Swap is open to banks that are clearing members of a recognised clearing house for interest rate derivatives. Non-clearing member banks will continue to have access via ICAP’s brokers. 
 
Michael Spencer, group chief executive officer of ICAP, says: “We are delighted to be launching our i-Swap platform in yet another major currency and we look forward to replicating the success of i-Swap in US Dollars and Euros. The next step will be the launch in Australian dollars which we expect to announce later this year.”


Subscribe to free daily newsletter
latestjobs
Lead C++ Software Engineer (Ultra-Low Latency)

Sat, 28 Mar 2015 00:00:00 GMT

Front Office Equity Derivatives Quant | NYC

Sat, 28 Mar 2015 00:00:00 GMT

Network Operations Engineer-Prop Trading Firm

Sat, 28 Mar 2015 00:00:00 GMT

events
2 days 5 hours from now - New York
1 week 5 days from now - Zurich
2 weeks 1 day from now - New York
2 weeks 1 day from now - San Francisco
specialreports