Goldman Sachs has followed in Barclays Capital’s footsteps by launching an electronic trading platform on Bloomberg for interest rate derivatives.Called the Goldman Sachs Interest Rate Derivatives Trading Platform, end-users will have access to live bid/offer prices through the interest rate swap yield curve up to 50 years.
It allows for Eurex futures block trading (Bund, Bobl and Schatz) and curve spread and butterfly trading (for instance, two year, five year and 10-year butterfly). The 10 year swaps can be traded in clips of up to €300 million. Straight-through processing also allows trades to be booked quickly, the bank said.
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