ABN Amro has launched an electronic Swiss franc interest rate swaps trading platform on Bloomberg.The Amsterdam-based investment bank said the initiative made it the first financial institution to offer a dealer-to-client electronic service for Swiss interest rate products, which until now have only been executed by voice broking.
Paul Humphrey, global head of fixed-income e-business, said a lot of fixed-income transactions in Swiss francs already take place via Bloomberg, and offering a capability to trade interest rate swaps was a logical next stage in the evolution of the market.
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