Standard Chartered offers Asian IRS pricing on Bloomberg

Standard Chartered has become the first bank to launch interest rate swaps on the Bloomberg electronic platform in five Asian currencies - Hong Kong dollars, Singapore dollars, Indian rupees, Taiwan dollars and Korean won.

“Delivery of dealable swap prices over electronic channels has proven to be popular with users of interest rate products," said Gregory Clinton, global head of interest rate derivatives at Standard Chartered Bank in Singapore, in a statement. "Our SCBI page on Bloomberg provides highly competitive transparent pricing in five major Asian currencies in decent size just a click away.”

Currently, interest rate swaps are predominantly traded over the telephone, with transactions being manually captured and entered into booking systems. Trading electronically allows for straight-through processing (STP) using a click-and-trade process, which can reduce trader and operational workload, Clinton added.

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