On the 20th March, The London International Financial Futures and Options Exchange (LIFFE) launched a series of futures contracts based on euro interest rate swap products. At the start, two-year, five-year and 10-year contracts would be available for trading.
LIFFE's aim is that the new euro SwapNote contracts will give European swap market participants the same hedging and trading opportunities that have become standard in European bond markets.
"SwapNote is an invaluable innovation for the
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