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.
More on Technology
Bank technology needs continue to evolve
Data has been a problem for the past two decades for firms in the region
Increasing role of technology is key trend in two decades since launch of Asia Risk
Business strategies must be able to leverage technologies with right attitudes in place, say C-Level panelists.
Sign up for Risk.net email alerts
Sponsored video: MarketAxess
Sponsored video: Tradeweb
Multifonds talks to Custody Risk on being nominated for the Post-Trade Technology Vendor of the Year at the Custody Risk Awards 2014
Sponsored webinar: IBM Risk Analytics
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.