The six banks - ABN Amro, Barclays Capital, Calyon, HSBC, JP Morgan and Société Générale - and Bloomberg will all own equal shares in the still-unnamed company. The company will use software based on Bloomberg's existing SwapTrader online trading platform. Participants expect the joint venture will improve liquidity and attract additional clients: "We believe it will be beneficial for our clients, good for the market and good for HSBC," said Nick Green, HSBC's head of eCommerce in Paris.
The week on Risk.net, November 25-December 1, 2016Receive this by email
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